Amazon layoffs: Amazon is going to lay off 18,000 employees, process begins

E-commerce company Amazon (Amazon layoffs) is ready to lay off its employees on a large scale in 2023. Amazon.com Inc. Earlier this month, had announced the layoff of more than 18000 employees. Bloomberg News reported that Amazon could announce layoffs in its engineering divisions as early as Wednesday.

According to a Bloomberg report, Amazon plans to cut more than 18,000 jobs from its workforce, citing an "uncertain economy". Amazon argued that people were hired faster during the Corona epidemic. But now after the situation becomes normal, there is no need of so many people in the company. Amazon CEO Andy Jassy said in a statement to employees that affected workers would be notified starting Wednesday, January 18.

Andy Jassy told that there will be more layoffs ahead, because Amazon's annual planning process is till next year. Amazon's leaders will analyze the workforce to initiate role reductions at multiple levels. These layoffs represent only 1% of the total workforce at Amazon, which includes warehouse and delivery workers. They account for about 6% of Amazon's 350,000 corporate employees worldwide.

Amazon CEO Andy Messi said, 'The company's leaders are working with their teams and looking at the level of their workforce. Apart from this, the company is prioritizing all these things for its future investment, what matters to the customers and what is right for the long-term health of the business. This year's review is more difficult due to the fact that the economy remains in a challenging state and we have seen rapid hiring over the last several years.

The world's largest online retailer began cost-cutting last year to adjust to a sharp slowdown in e-commerce growth. Under this, the company delayed opening warehouses and stopped hiring in its retail group. Then the hiring freeze was done for the company's corporate employees and layoffs started. Earlier, Amazon has laid off 10,000 employees, which is the biggest layoff in the history of Amazon. The reason for the retrenchment has been attributed to cost cutting due to the economic slowdown.