Amazon is offering severance packages for employees who leave the company.
• Amazon has been cutting costs in various areas of its business over the past few months
The mass layoffs in Amazon's corporate ranks will continue into next year, the e-commerce firm's CEO said in a statement this week.
In a note sent to employees, Amazon.com CEO Andy Jassy said the company told employees Wednesday about the layoffs in its devices and books divisions. He said it also offered voluntary buyouts to some other employees.
"I've been in this role for almost a year and a half now, and without a doubt, this has been one of the most difficult decisions I've had to make (and, we've had to make some very difficult decisions) over the years, especially during the pandemic. during), "Jacy wrote in the memo.
The Seattle-based company has been cutting costs in various areas of its business over the past few months. An annual review process is underway to identify where it can save more money. Jesse said this year's review is "more difficult" because of the economic landscape and the company's rapid hiring over the past several years.
On Tuesday, Amazon notified officials in California that it would lay off approximately 260 corporate employees from various facilities in the state. The company has not publicly disclosed how many employees it laid off across its entire corporate workforce this week.
JC said the company has not concluded how many other jobs will be affected. He added that there will be cuts in some divisions as the company is going through an annual review process, which will continue till next year. As they weigh job cuts, he said company leaders will prioritize what matters most to customers and the long-term health of the company.
Amazon is offering severance packages for employees who leave the company. But -- unlike Meta, for example -- it hasn't publicly provided details of the package.
The company employs over 1.5 million employees globally, primarily made up of hourly workers.
Apart from Amazon, several other tech companies are also cutting their workforce amid concerns of an economic slowdown. Facebook parent Meta, among others, said last week it would lay off 11,000 people, roughly 13% of its workforce. And Twitter's new CEO Elon Musk cut the company's workforce by half this month.
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