Amazon announces 9,000 job cuts in second round of mass layoffs

 

Also read :Amazon announces 9,000 job cuts in second round of mass layoffs

Calling it a difficult decision but a necessary one for the long-term success of the company, Amazon CEO Andy Jassy informed employees Monday about a second round of layoffs that will result in roughly 9,000 job cuts across various departments, including Twitch, Advertising, AWS, and People, Experience and Technology (PXT).

Also read :Amazon announces 9,000 job cuts in second round of mass layoffs

Also read :Amazon announces 9,000 job cuts in second round of mass layoffs

The move comes just months after Jassy announced last November a voluntary reduction offer to some in the PXT and warned that more layoffs would be expected this year. Just weeks later, the company in January announced the elimination of a whopping 18,000 roles, majorly in PXT and Amazon Stores.

In the recent memo to employees, the CEO stated that the newly announced reductions weren't a part of the previous announcement as not all teams had concluded analysing at the time. The impacted teams haven't yet completed making final decisions on which roles will be reduced, but the company expects a precise result by mid-to-late April, Jassy further mentioned.

Also read :Amazon announces 9,000 job cuts in second round of mass layoffs

For the role reductions in December and January, Amazon paid out $640 million in severance packages. This time, it has confirmed its plans to provide external job placement support, transitional health insurance benefits, a separation payment, and other forms of support to its impacted employees.

In recent news, Facebook parent Meta Platforms also announced its second round of mass layoffs, cutting 10,000 roles across various departments. Last year's reductions, affecting almost 11,000 roles, were the first in the company's 18-year history. In addition to the layoffs, the tech giant could even "close around 5,000 additional open roles that we haven't yet hired