Amazon layoffs

2023 - 3 - 20

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Image courtesy of "PBS NewsHour"

Amazon to cut 9000 more jobs in second round of layoffs (PBS NewsHour)

The job cuts would mark the second largest round of layoffs in the company's history. Amazon had already cut 18000 in the past few months.

The company plans to finalize those decisions by mid to late April and notify those who will be laid off. [READ MORE: Amid layoffs, Amazon pauses construction on second headquarters in Virginia](https://www.pbs.org/newshour/economy/amid-layoffs-amazon-pauses-construction-on-second-headquarters-in-virginia) But demand slowed as the worst of the pandemic eased. Twitch, the gaming platform Amazon owns, will also see some layoffs as well as Amazon’s PXT organizations, which handle human resources and other functions. [18,000 employees](https://apnews.com/article/business-san-francisco-marc-benioff-bbb2f3a09eafdfc7cda54a3b87e538ad) the tech giant said it would lay off in January. He said Amazon will still hire in some strategic areas.

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Image courtesy of "TechCrunch"

AWS takes a hit in latest round of Amazon layoffs (TechCrunch)

When Amazon announced it was laying off another 9,000 employees today, AWS employees were not exempt with Amazon CEO (and former AWS CEO) Andy Jassy ...

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Image courtesy of "USA TODAY"

Amazon layoffs continue: Tech giant to cut another 9000 jobs, CEO ... (USA TODAY)

Amazon will be eliminating roles in its cloud computing unit, human resources division, advertising and Twitch, CEO Andy Jassy said Monday.

[Tracking tech layoffs: Why companies like Amazon and Meta cut jobs in 2022](https://www.usatoday.com/story/tech/2023/01/18/tech-layoffs-2023/11069223002/) [Massive tech company layoffs look ugly. [burst of hiring sprees](https://www.usatoday.com/story/money/economy/2023/02/07/tech-layoffs-2023-google-amazon/11135692002/) in the early days of the pandemic, rising interest rates have pushed a number of tech giants to trim staff. [according to Layoffs.fyi](https://layoffs.fyi/), a website that has been tracking tech layoffs [since March 2020. ](https://www.usatoday.com/story/tech/2023/01/18/tech-layoffs-2023/11069223002/) “This was a difficult decision, but one that we think is best for the company long term,” Jassy shared in his note. when you announce layoffs via email](https://www.usatoday.com/story/opinion/2023/02/27/amazon-google-layoffs-workers-email-insulting/11332289002/) But it may not be as bad as you think.](https://www.usatoday.com/story/money/economy/2023/02/07/tech-layoffs-2023-google-amazon/11135692002/) [Layoffs, recession fears spur some companies to hire more gig economy workers](https://www.usatoday.com/story/money/2023/03/01/layoffs-recession-businesses-hiring-freelancers-gig-workers/11369050002/) [Layoffs in a likely recession this year could be determined by software programs](https://www.usatoday.com/story/money/2023/01/23/layoffs-2023-recession-software-programs/11086842002/) [More Meta layoffs: Facebook, Instagram parent company to cut another 10,000 workers](https://www.usatoday.com/story/money/2023/03/14/meta-layoffs-employees-mark-zuckerberg/11469847002/) [Bailey Schulz](https://www.usatoday.com/staff/5190697001/bailey-schulz/) on Twitter [@bailey_schulz](https://twitter.com/bailey_schulz?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) and subscribe to our [free Daily Money newsletter here](https://profile.usatoday.com/newsletters/the-daily-money/) for personal finance tips and business news every Monday through Friday. [eliminated about 18,000 positions](https://www.usatoday.com/story/money/2023/01/18/amazon-layoffs-18000-employees/11076820002/). [on Monday](https://www.aboutamazon.com/news/company-news/update-from-ceo-andy-jassy-on-amazons-operating-plan-and-additional-role-eliminations) [ announced](https://www.aboutamazon.com/news/company-news/update-from-ceo-andy-jassy-on-amazons-operating-plan-and-additional-role-eliminations) plans to cut another 9,000 positions, its [second round of mass layoffs](https://www.usatoday.com/story/money/2023/01/18/amazon-layoffs-18000-employees/11076820002/) in recent months. [Facebook parent company Meta](https://www.usatoday.com/story/money/2023/03/14/meta-layoffs-employees-mark-zuckerberg/11469847002/) earlier this month announced plans to lay off another 10,000 workers after cutting 11,000 employees in 2022, and [Google ](https://www.usatoday.com/story/money/2023/01/20/google-layoffs-jobs-employees-cut/11088409002/)in January said it would be eliminating roughly 12,000 jobs.

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Image courtesy of "The New York Times"

Amazon Plans to Lay Off Another 9000 Employees (The New York Times)

The cuts follow a round of layoffs announced several months ago that affected more than 18000 jobs.

Jassy said that management had not yet determined the workers who would be laid off, but that it expected to do so by mid to late April. [put a priority on some projects](https://www.nytimes.com/2023/03/08/technology/tech-big-bets-layoffs.html) that lacked obvious ways to become profitable. In the uncertain economy, “user and revenue growth has not kept pace with our expectations,” Dan Clancy, Twitch’s chief executive, said in a blog post. He said the company could still pursue some “limited hiring” in strategic areas. The tech industry is undergoing its largest contraction since the dot-com bust of the early 2000s. But to older employees who experienced the dot-com bust, it has hardly been a shock. Twitch, the livestreaming site popular with video gamers that Amazon bought in 2014, said it was laying off more than 400 people, about 22 percent of its total staff. Human resources employees — recruiters in particular — were affected as well. Those two segments of the business are much higher-margin operations than Amazon’s core retail business, according to financial analysts and filings. [eye-opening to young workers](https://www.nytimes.com/2023/01/20/technology/tech-layoffs-millennials-gen-x.html?action=click&pgtype=Article&state=default&module=styln-tech-layoffs&variant=show®ion=MAIN_CONTENT_1&block=storyline_top_links_recirc). [to its workers](https://www.nytimes.com/2023/02/13/technology/salesforce-marc-benioff-pressure.html?action=click&pgtype=Article&state=default&module=styln-tech-layoffs&variant=show®ion=MAIN_CONTENT_1&block=storyline_top_links_recirc). [Alphabet](https://www.nytimes.com/2023/01/20/business/google-alphabet-layoffs.html?action=click&pgtype=Article&state=default&module=styln-tech-layoffs&variant=show®ion=MAIN_CONTENT_1&block=storyline_top_links_recirc), [Microsoft](https://www.nytimes.com/2023/01/18/business/microsoft-layoffs.html?action=click&pgtype=Article&state=default&module=styln-tech-layoffs&variant=show®ion=MAIN_CONTENT_1&block=storyline_top_links_recirc), [Zoom](https://www.nytimes.com/2023/02/07/business/zoom-layoffs.html?action=click&pgtype=Article&state=default&module=styln-tech-layoffs&variant=show®ion=MAIN_CONTENT_1&block=storyline_top_links_recirc)and [Meta](https://www.nytimes.com/2023/03/14/technology/meta-facebook-layoffs.html?action=click&pgtype=Article&state=default&module=styln-tech-layoffs&variant=show®ion=MAIN_CONTENT_1&block=storyline_top_links_recirc)are among the tech giants that have cut jobs amid [concerns about an economic slowdown](https://www.nytimes.com/2023/01/25/briefing/tech-layoffs-economy.html?action=click&pgtype=Article&state=default&module=styln-tech-layoffs&variant=show®ion=MAIN_CONTENT_1&block=storyline_top_links_recirc).

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Image courtesy of "CNN"

Amazon to lay off 9000 more workers (CNN)

Amazon is cutting 9000 more jobs, CEO Andy Jassy announced Monday in a memo to staff.

[rapidly grew its headcount ](https://www.cnn.com/2023/01/22/tech/big-tech-pandemic-hiring-layoffs)during the early days of the pandemic. “Like many companies, our business has been impacted by the current macroeconomic environment, and user and revenue growth has not kept pace with our expectations,” Clancy wrote. “Some may ask why we didn’t announce these role reductions with the ones we announced a couple months ago,” Jassy added.

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Image courtesy of "CNBC"

Amazon to lay off 9000 more workers in addition to earlier cuts (CNBC)

Amazon will lay off 9000 more employees, CEO Andy Jassy said in a memo to staff Monday.

To those ultimately impacted by these reductions, I want to thank you for the work you have done on behalf of customers and the company. I remain very optimistic about the future and the myriad of opportunities we have, both in our largest businesses, Stores and AWS, and our newer customer experiences and businesses in which we're investing. This initially led us to eliminate 18,000 positions (which we shared in January); and, as we completed the second phase of our planning this month, it led us to these additional 9,000 role reductions (though you will see limited hiring in some of our businesses in strategic areas where we've prioritized allocating more resources). 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. However, given the uncertain economy in which we reside, and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount. The company just wrapped up the second phase of its annual budgeting process, referred to internally as "OP2."

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Image courtesy of "Forbes"

2023 Layoff Tracker: Amazon Slashes 9000 Employees (Forbes)

Amazon, Alphabet, Meta, Salesforce and Disney have all slashed staff this year, citing cloudy economic forecasts.

The biggest came from Facebook and Instagram parent company [Meta](https://about.fb.com/news/2022/11/mark-zuckerberg-layoff-message-to-employees/), which laid off roughly 11,000 employees in November. announced plans to lay off 25% of its workforce (950 employees) in a company Total employment in the U.S increased by 517,000 positions in January, nearly tripling economists’ expectations, as industries such as construction, hospitality and healthcare bring in new workers despite recent cuts primarily in the tech industry. Publishing giant HarperCollins announced it would slash 5% of its staff in the U.S. and Australia, plans to slash its workforce by 5% this year (roughly 1,250 employees), the advisory business, who said the cuts are intended to align its workforce with “current and anticipated market demand”—making it the first of the so-called Big Four accounting firms to conduct a major round of layoffs amid growing recession fears in recent months. The German enterprise software firm—whose U.S. [CNBC](https://www.cnbc.com/2023/01/11/directv-lays-off-staffers-as-cord-cutting-accelerates-.html), as the company struggles with an increase in the cost to “secure and distribute programming,” and after the company lost nearly 3% of its subscribers (400,000) in the third quarter of 2022, [according to](https://www.leichtmanresearch.com/major-pay-tv-providers-lost-about-785000-subscribers-in-3q-2022/) the Leichtman Research Group. [CNBC](https://www.cnbc.com/2023/01/23/crypto-exchange-gemini-lays-off-10percent-of-workforce-.html) and [The Information](https://www.theinformation.com/articles/gemini-is-laying-off-10-of-staff-marking-latest-[%E2%80%A6]n=article_notification&utm_content=article-9630&rc=tppl7c?irclickid=w5oS%3At3NCxyNT3rSCjyT1QUUUkA1itzGmyXwT00&irgwc=1&utm_source=affiliate&utm_medium=cpa&utm_campaign=10078-Skimbit+Ltd.&utm_term=coindesk.com), with layoffs [estimated](https://markets.businessinsider.com/news/currencies/gemini-lays-of-10-of-its-workforce-citing-bad-actors-reports-say-2023-1) to affect 100 of its roughly 1,000 employees—its [latest round](https://www.forbes.com/sites/brianbushard/2023/01/04/amazon-reportedly-cutting-17000-jobs-as-major-layoffs-continue-into-2023/?sh=1e86e16d5c6e) of cuts after it slashed 7% of its staff last July, and another 10% last May. [SEC filing](https://www.sec.gov/ix?doc=/Archives/edgar/data/1002047/000119312523019739/d395436d8k.htm) to lay off 8% of its staff ( [estimated](https://techcrunch.com/2023/01/31/netapp-a-specialist-in-cloud-data-management-says-it-will-lay-off-8-or-around-960-people-citing-economic-climate/) to affect 960 employees) by the end of the fourth fiscal quarter of 2023 “in light of the macroeconomic challenges and reduced spending environment.” [confirmed](https://www.bbc.co.uk/news/business-64549761) to multiple [news](https://apnews.com/article/boeing-co-virginia-business-a6525dc7f58100c924ae2f7e2ce97e6d?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_11) outlets [plans](https://www.bbc.co.uk/news/business-64549761) to [cut](https://apnews.com/article/boeing-co-virginia-business-a6525dc7f58100c924ae2f7e2ce97e6d?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_11) around 2,000 jobs in finance and human resources this year, though the firm said it will increase its overall headcount by 10,000 employees “with a focus on engineering and manufacturing.” [memo](https://www.sec.gov/Archives/edgar/data/908937/000090893723000008/emltoallstafffromjenniferw.htm) to employees the layoffs will affect roughly 8% of its nearly 6,000 employees (roughly 475 positions) and affect “nearly every department,” as executives attempt to “maintain a sustainably profitable company” amid “today’s uncertain economic environment.”

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Image courtesy of "Variety"

Amazon Layoffs: 9000 More Employees to Lose Jobs, CEO Andy ... (Variety)

Amazon intends to lay off 9000 more employees — on top of the 18000 job cuts it previously announced, CEO Andy Jassy said.

However, given the uncertain economy in which we reside, and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount. To those ultimately impacted by these reductions, I want to thank you for the work you have done on behalf of customers and the company. I remain very optimistic about the future and the myriad of opportunities we have, both in our largest businesses, Stores and AWS, and our newer customer experiences and businesses in which we’re investing. This initially led us to eliminate 18,000 positions (which we shared in January); and, as we completed the second phase of our planning this month, it led us to these additional 9,000 role reductions (though you will see limited hiring in some of our businesses in strategic areas where we’ve prioritized allocating more resources). “For several years leading up to this one, most of our businesses added a significant amount of headcount,” Jassy wrote in the memo, which Amazon shared publicly. This was a difficult decision, but one that we think is best for the company long term.

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Image courtesy of "Reuters"

Amazon deepens tech-sector gloom with another 9000 layoffs (Reuters)

In a remarkable turn for a company that has long touted its job creation, Amazon will have eliminated 27,000 positions in recent months, or 9% of its roughly ...

Jassy is choosing to make them happen to pad Amazon's bottom line." "Some may ask why we didn't announce these role reductions with the ones we announced a couple months ago," he wrote. The Athena Coalition, a labor and activist group that is critical of Amazon, said in a statement: "None of these layoffs have to happen. "Given the uncertain economy in which we reside, and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount." Register for free to Reuters and know the full story [(AMZN.O)](https://www.reuters.com/companies/AMZN.O) on Monday said it would axe another 9,000 roles, piling on to a wave of layoffs that has swept the technology sector as an uncertain economy forces companies to get leaner.

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Image courtesy of "Forbes"

Amazon Begins Second Round Of Layoffs, But Wall Street Is ... (Forbes)

Amazon announces 9000-strong layoff round for its corporate departments including cloud services and advertising.

[ Emerging Tech Kit](https://learn.tryq.ai/blog/emerging-tech-kit?utm_campaign=Forbes&utm_medium=article&utm_source=Forbes) do the heavy lifting for you. The reason Meta has become the darling of mass tech layoffs is again linked to its latest earnings report which was released back in February. Only those with the strongest stomachs will be ready for the continuing rollercoaster ride in Big Tech stock prices. [Download Q.ai today](https://refer.tryq.ai/Qe5UxraOlyb) for access to AI-powered investment strategies. Mass layoffs will never be good news, but Meta has made the most of it while Amazon’s share price has dipped. Amazon’s second round of mass layoffs is a grim milestone for the tech industry, which has suffered heavy losses in recent months. Even though Wall Street is jittery about tech stocks, how Amazon and Meta’s layoffs announcements were received shows the power of a good earnings report spin. The difference is stark if we compare Amazon’s announcement and stock performance to another company. It brings you a weighted basket of tech stocks, crypto and ETFs with the aim to provide the best risk-adjusted returns. CEO Andy Jassy said the job cuts are due to the difficult economic backdrop that has been plaguing Big Tech in recent months. Big Tech leaders continue to stress the word ‘lean’ while trying to reassure investors. [Download Q.ai today](https://refer.tryq.ai/ietmJP8Nlyb) for access to AI-powered investment strategies.

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