Lagatar24 Desk
New Delhi, Nov 17: Due to recent losses, Amazon has begun to reduce its employees in order to take cost-cutting measures. This week, the corporation reportedly plans to let go of close to 10,000 people across all departments. The hiring process began on Wednesday, but the tech company provided no public information. Finally, Amazon has acknowledged that it will be reducing its personnel owing to “unusual and uncertain macroeconomic situations” in a recent notification.
David Limp, Senior Vice President of Devices and Services at Amazon, acknowledged in a public statement that the company has already been informed of the affected employees’ layoffs and that it “will continue to work closely with each individual to provide support, including assisting in finding new roles.”
He added that some teams and programmes have been restructured and combined as a result of the poor economic climate. Some roles won’t be needed any longer, he continued, “which is one of the implications of these decisions.”
The Devices & Services organisation will be severely impacted by the layoffs, despite having an influence on Amazon’s entire workforce. The corporation has offered the affected employees two months to locate another position with the company after notifying them in writing of their termination. Amazon has pledged to support the transition by providing a package that includes a separation payment, transitional benefits, and outside job placement assistance in the event that the employees are unable to find a new position.
The week before, Amazon and Facebook parent company Meta both disclosed layoffs. Last week, Facebook cut 11,000 jobs, or 13% of its workforce. The corporation has never before in its history reduced its personnel, let alone on such a big scale. However, Mark Zukerberg made the decision to restructure cost-cutting efforts due to declining income and unfavourable macroeconomic conditions.
