Mass layoffs: Amazon to let go 9,000 more workers
Amazon layoffs: Amazon CEO Andy Jassy on Monday announced that the company will lay off 9,000 more employees.
The layoffs come on top of those that began in November and continued into January. More than 18,000 employees were affected by this round of layoffs.
Amazon decided to lay off more employees to reduce costs, taking into account the uncertain economy as well as the "uncertainty that exists in the near future," according to Jassy. The company has just completed the second phase of its annual budgeting process, called internally "OP2."
Also Read: 'Operation Amritpal': NSA imposed on Amritpal's uncle, 4 others: Punjab IG Sukhchain Gill
“The overriding tenet of our annual planning this year was to be leaner while doing so in a way that enables us to still invest robustly in the key long-term customer experiences that we believe can meaningfully improve customers’ lives and Amazon as a whole,” Jassy said in the memo.
According to Jassy's memo, the latest round will primarily affect Amazon's cloud computing, human resources, advertising, and Twitch live-streaming businesses.
Also Read: Rain alert: Orange alert in Delhi as thunder shower to continue
- PTC NEWS
