A New Wave of Amazon Layoffs: 9,000 More Jobs on the Chopping Block
Surging Layoffs: An Ongoing Saga
In a dramatic development, Amazon announces a staggering 9,000 additional layoffs, compounding the previous wave of job cuts that began last November and persisted until January. A whopping 18,000 employees felt the brunt of those earlier reductions.
As the layoffs unfold, Amazon’s CEO, Andy Jassy, communicates the somber news via a memo to staff on Monday. The decision, Jassy explains, stems from a desire to both streamline costs and brace for an uncertain economy. The lurking “uncertainty that exists in the near future” further fuels this course of action.
OP2: The Annual Budgeting Process Culminates
Amazon has just concluded the second phase of its internal annual budgeting process, aptly named “OP2.” Jassy emphasizes a critical principle underlying this year’s planning: achieving a leaner organization without compromising robust investments in key customer experiences. The ultimate goal? A lasting positive impact on customers’ lives and Amazon’s overall success.
Affected Business Units: Cloud Computing, HR, Advertising, and Twitch
Jassy’s memo reveals that the latest round of layoffs will hit Amazon’s cloud computing, human resources, advertising, and Twitch live streaming businesses. The implications of these reductions remain to be seen, but one thing is clear: Amazon is undergoing a significant restructuring in the face of mounting economic challenges.
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