Amazon intends to cut more than 18,000 jobs to cut costs, said the president of the tech giant.
In addition, the announcement was brought forward “because one of my teammates leaked this information to the outside world.”
The job cuts this time are equivalent to about 6% of the company’s approximately 300,000 employees.
Amazon is the latest big tech company to announce major layoffs as the cost of living crisis puts customers on hold.
In a message to staff, Amazon CEO Andy Jassy said, “We are working to help those impacted and will continue to provide severance pay, transitional health insurance benefits and external job placements. We offer a package that includes assistance.”
The move comes after the tech giant announced last year that it would cut jobs without specifying how many employees it would cut.
Jassy did not specify where the affected employees were located, but said the company would be contacting organizations representing employees “at appropriate locations in Europe.”
He also said that “the bulk of the job cuts” are in Amazon store operations and the people, expertise and technical teams.
In November, Amazon announced it would begin layoffs to cut costs, but didn’t give a figure for how many jobs it would cut.
At the time, US media reported that the company would cut about 10,000 jobs.
The company has already frozen hiring, halted some warehouse expansions, and warned of over-hiring during the pandemic.
It has also taken steps to halt projects such as personal delivery robots and shut down parts of its business.
In a memo, Jassy said Amazon’s restructuring was “more difficult given the economic uncertainty, which has added jobs rapidly in recent years.”
“A long-lasting company has many stages.
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