E-commerce and tech giant Amazon has announced another round of layoffs as 9,000 jobs were cut as the tech industry continues to feel the brunt of the economic downturn.
The Amazon departments that are expected to be heavily impacted by the latest round of dismissals are the company’s AWS (Amazon Web Service), tech solutions PXT, advertising, and gaming platform Twitch units.
This comes off the back of a further 18,000 job cuts were announced at the beginning of the year, as Amazon also announced an initial 10,000 cuts last November alongside some of the other large tech firms such as Meta and Twitter.
Amazon CEO, Andy Jassy, revealed in a memo that given the current “uncertain economy” he states that the company is becoming increasingly more focused on ‘streamlining costs and headcount’.
He continued: “The overriding tenet of our annual planning this year was to be leaner while doing so in a way that enables us to still invest robustly in the key long-term customer experiences that we believe can meaningfully improve customers’ lives and Amazon as a whole.
Jassy also revealed that instead of announcing the staggered approach of announcing the various rounds of layoffs over the last several months, the Amazon CEO and the company opted for more “appropriate diligence” as opposed to rushing through their analysis.
“Once those decisions have been made (our goal is to have this complete by mid to late April), we will communicate with the impacted employees (or where applicable in Europe, with employee representative bodies),” added Jassy.
“We will, of course, support those we have to let go, and will provide packages that include a separation payment, transitional health insurance benefits, and external job placement support.”
There is an overriding feeling within the large tech industry that the impacts of the declining global economy has only worsened in their field.
According to TrueUp, January saw as much as 108,000 tech workers lose their jobs, mainly due to the economic climate. Alongside Amazon, Google, Microsoft, and Paypal all made significant cuts to their workforce that month.
