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Layoffs Will Extend Into 2023: Amazon CEO

Media reports suggest that the company is looking to cut as many as 10,000 jobs but the number could vary as the company continues to evaluate its situation

Amazon CEO Andy Jassy on Thursday said that the layoffs in the company would continue well into 2023 as it continues to work on its annual planning. 

In an internal letter to employees, Jassy said there would be more job cuts as the company plans its year and makes adjustments. He also said the “decisions will be shared with impacted employees and organizations early in 2023”.

“This year’s 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,” said Jassy.

Amazon is currently in the midst of an ‘annual operating planning review’ which is helping the company assess the changes it should make in each of its business. The Amazon CEO also said that the company will prioritise on communicating directly with the layoff-impacted employees before making broader public or internal announcements.

Media reports suggest that the company is looking to cut as many as 10,000 jobs but the number could vary as the company continues to evaluate its situation.

The conglomerate had laid off some employees from its devices group on Wednesday, beginning its first round of layoffs. The planned jobs cuts are expected to also impact Amazon’s retail and human resources division. 

Amazon expects the smallest jump ever in revenues for its holiday quarter. The company has already ordered a halt in hiring on many corporate roles.

On Wednesday, Cisco was the latest tech company to give a clear indication that it was looking at layoffs as it announced USD 600 million in severance.