Amazon CEO Andy Jassy has announced that job cuts at the e-commerce industry leader will continue into 2023.
Andy Jassy stated, “Our annual planning process extends into the new year, which means there will be more role reductions as leaders continue to make adjustments. Those decisions will be shared with impacted employees and organizations early in 2023.”
He further stated that, “It’s not lost on me or any of the leaders who make these decisions that these are not just roles we’re eliminating, but rather, people with emotions, ambitions, and responsibilities whose lives will be impacted.”
Amazon is not the only tech company to begin layoffs in early 2023. Many other tech firms had significantly increased their hiring over the past couple years as the pandemic forced consumers into their homes and online for needs like groceries, shopping, and entertainment.
As people begin to shift back towards their pre-pandemic lives, many of these companies are experiencing whiplash due to the changes.
Facebook’s parent company Meta also recently announced 11,000 job cuts. Twitter also announces severe cuts shortly after being acquired by Elon Musk for $44 billion.
Jassy references the tough economic situation in his memo saying in their annual operation review “is more difficult due to the fact that the economy remains in a challenging spot and we’ve hired rapidly the last several years.”