Amazon CEO Andy Jassy told employees in a memo published Thursday that layoffs will continue into 2023. that economy Its “tough spot” has been “quickly hiring e-commerce giant” in recent years.
“Our annual planning process extends into the new year, which means there will be more role cuts as leaders continue to make adjustments,” Jassy wrote in the note.
These decisions will be shared with affected employees and organizations in early 2023.”
The layoffs, which the Wall Street Journal reported could reach 10,000 jobs, have already affected the company’s hardware and book businesses.
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Jassy, who took over Amazon founder Jeff Bezos Last year, he called it the “toughest decision” he and his team had ever had to make.
Amazon’s announcement comes amid a larger slowdown in the tech industry, with several companies announcing layoffs in recent weeks.
Meta, Facebook’s parent company, said last week that it would reduce its workforce by about 13%, or 11,000 jobs.
Twitter laid off nearly half of its workforce in early November, shortly after Elon Musk sealed his $44 billion deal to buy the social media platform.