Amazon is laying off 9,000 employees

Amazon is set to lay off another round of 9,000 employees in the upcoming weeks. This was announced by Amazon's CEO Andy Jassy in a blog post sent to employees on Monday.

According to the CEO Jassy, the decision to streamline its costs and headcount comes amidst an "uncertain economy and uncertainty that exists in the near future." The company also marked its slowest year of growth in 2022.

Amazon posted a promising result in Q4 2022 but marked the slowest year of growth in 2022

Amazon posted better-than-expected revenue growth in its issued first-quarter guidance for the fourth quarter of 2022 on Thursday but was still its least profitable Q4 ever. Net sales increased 9% to $149.2 billion in the fourth quarter, compared with $137.4 billion in Q4 2021 to beat the $145.

TechloyEmmanuel Oyedeji

He added that the company's latest round of job cuts will primarily impact staff working in its Amazon Web Services (AWS), Amazon People eXperience and Technology (PXT), advertising, and Twitch businesses.

The development comes just months after the e-commerce giant in January this year said it will lay off over 18,000 employees, amid a tech industry crunch in the past year, bringing its total job cuts to staggering 27,000 layoffs.

Amazon to cut over 18,000 jobs

Amazon has announced that it will be cutting more than 18,000 jobs, a larger number than previously reported. This news follows Salesforce’s announcement that it will also be reducing its headcount by 10%, affecting over 7,000 employees. Both companies have stated that they hired too rapidly during…

TechloyAcquah Nana Yeboah

This number sums up the largest round of layoffs in both the company's history and the entire tech industry. The company’s global workforce reached over 1.6 million at the end of 2021, up from its 798,000 headcount in 2019, after it went on a hiring spree during the Covid pandemic.

Similarly, Meta Platforms (the parent company of Facebook and Instagram) had also declared a second round of layoffs, affecting 10,000 of its employees in addition to the 11,000 who were laid off in November last year as part of a cost-cutting exercise.

Meta’s latest job cuts bring its total layoffs to 21,000 in less than 4 months

Meta Platforms, the parent company of Facebook and Instagram announced on Tuesday that it is cutting 10,000 jobs, less than four months after it let go of 11,000 employees, bringing the total reported job losses in the company to a staggering 21,000. “We expect to reduce our

TechloyEmmanuel Oyedeji

The global tech industry continues to hit scary numbers of layoffs not seen before as the cooling global economic climate continues to grip the industry. According to the layoffs tracking site, Layoffs.fyi, close to 150,000 tech employees have had their job cut so far in 2023.