Amazon to fire 9000 employees in second round of layoffs

According to reports, Amazon Inc. is set to fire an additional 9000 employees, in addition to layoffs that were the largest in the e-commerce giant’s history. The layoffs, which would mostly impact the Twitch live streaming business, Amazon Web Services, human resources, and advertising units, were revealed internally on Monday by Chief Executive Officer Andy Jassy.

He said, “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,” in his memo which was part of Amazon’s corporate blog.

The current layoffs trail the hiring spree that the company embarked on during the pandemic. The American corporation has been firing mostly corporate workers to cut costs and satisfy investors. Last month, Amazon expelled 18,000 workers from its payroll, marking the biggest layoff by the organisation’s sprawling human resources department, retail group, and devices team.

The firings come in the wake of Facebook parent Meta Platforms Inc. revealing that it was trimming its workforce by another 10,000 employees last week by closing the curtains on approximately 5000 additional open roles in a second huge round of job cuts.

At a recent internal meeting, Meta’s CEO Mark Zuckerberg warned the staff that the economic climate of layoffs and reorganisation might extend “several years.”

Google, Microsoft Corp., Dell Technologies Inc., and International Business Machines Corp. are among the other tech behemoths that have cut staff.

According to data gathered by Bloomberg as of early February, the industry as a whole has lost more than 67,000 jobs since the year’s start.

Also Read – Tech companies sack over 68,000 employees in January: Report