9,000 More Amazon Workers To Be Laid Off In The Coming Weeks

On Monday, March 20, Amazon announced new layoffs of about 9,000 more workers, mainly from AWS, Twitch, and advertising.

Amazon’s rise and fall

During the early stages of the Covid-19 outbreak, Amazon invested significantly in growing its workforce as consumers increasingly shopped online. Between the end of 2019 and the end of 2021, the corporation added around 800,000 people, most of whom worked at several warehouses. 

When demand began to plummet as customers returned to physical stores, Amazon cut back on underperforming areas of the business and halted recruiting.

As per The Wall Street Journal reports, the company warned in February that it might see slower growth, particularly in its successful AWS division, which recorded its lowest growth rate in the fourth quarter since Amazon began separating the segment’s performance from income.

The Layoffs

Amazon has been going through one of the most challenging periods in its history. Eighteen thousand corporate employees, or around 5% of the workforce, were recently let go by the corporation. These reductions were mainly made to its devices, hiring, and retail divisions.

Chief Executive Andy Jassy revealed in a statement that as some teams still needed to finish the evaluations determining which roles were to be terminated, the 9,000 more job reductions were announced later. By mid-to-late April, he added, the cutbacks will be finished. 

By the end of December, Amazon employed around 1.5 million employees globally. Until its most recent layoffs, it hired about 35,000 corporate staff.

In addition to the reported job reduction, Amazon has undertaken other adjustments that will most certainly result in more voluntary turnover than in previous years. As the firm isn’t making any changes to its stock-heavy compensation plans, many employees will see their income decrease this year.

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