Reports suggest Amazon will lay off 10,000, the highest ever in their history
Numerous reports surfaced on Monday suggesting that Amazon is planning its largest ever round of job cutbacks, which would affect around 10,000 workers (around 5% of the company’s total workforce).
As the tech industry struggles to readjust to a new normal of rising rates, dropping demand, and the aftereffects of overhiring during the boom, the month of November has been a particularly difficult one for layoffs.
Sources reported last month that Amazon’s main business of selling items has been decreasing this year as people spend less time at home. The company has previously stated that it anticipates a weaker-than-expected holiday season.
More than 30,000 jobs have been lost in the sector in November alone, and that doesn’t even account for the layoffs announced today.
“November has been the worst month so far in 2022,” said Roger Lee, who operates the website Layoffs.fyi and has been keeping tabs on tech layoffs since the beginning of the pandemic.
In addition to Meta (11,000), Twitter (3,700), Salesforce (1,000), Stripe (1,000), Lyft (700), Redfin (850), Opendoor (550), and Zendesk (550), the site has also recorded layoffs at these other firms this month (350).
Business units that aren’t doing well or aren’t necessary in times of economic hardship (like human resources) are getting the axe at many companies (Amazon Care and Scout, for example).
With Andy Jassy at the lead for the first time this year, Amazon is likely to develop more slowly than it did under Jeff Bezos.