Amazon could now layoff 20,000 employees soon

Business Technology

It appears that Amazon is preparing to fire up to 20,000 workers, which is twice as many as had previously been estimated. Workers from distribution centres, IT professionals, and corporate executives will all be let go by Amazon across a number of areas. According to those with knowledge of the situation, the layoffs will occur in the upcoming months.

This is not shocking given that Amazon’s CEO, Andy Jassy, recently acknowledged that the company is getting ready to lay off workers in a number of departments. However, he remained mum on how many workers might be affected.

The New York Times was informed by a few unnamed corporate sources in November that the business intended to fire 10,000 workers.

According to a recent source, this number has now climbed and Amazon wants to terminate employees at all levels, including those in the most senior positions. According to the quoted source, the firm managers have apparently been instructed to evaluate employees’ work performance so that Amazon can begin the process of laying off roughly 20,000 people. The e-commerce behemoth would lay off 6% of its corporate staff and roughly 1.3% of its 1.5 million employees, including hourly and worldwide distribution centre labour.

According to the claimed source, corporate personnel has already been informed that the affected employees would receive a 24-hour notice along with severance money. One individual who was apprised of the layoff news told Computer World that there is a sense of anxiety among firm employees as a result of the announcement.

“The layoffs are being made throughout the company; no specific division or location has been mentioned. According to information provided to us, this is due to overhiring during the epidemic and the need for cost-cutting because the business’s finances have been trending downward.

The CEO of Amazon recently stated that the layoff process would last for a few months and that the affected employees would be informed once the business had completed its assessment. Consequently, the amount of reductions may have increased as it carefully examines all the departments throughout the regions to reduce costs as

As leaders continue to make adjustments, more role reductions will occur as our yearly planning process continues into the following year. Early in 2023, those decisions will be communicated to the companies and employees who will be impacted. We don’t yet know how many more roles will be affected (although we do know that there will be cutbacks in our Stores and PXT organisations), but each leader will let their relevant teams know as soon as we know the specifics. And, as has been the case this week, we’ll give direct communication with those affected employees priority over internal or external announcements to the general public, said Andy.