Amazon stated that employees who have been laid off in the United States, Canada, and Costa Rica will be notified by the end of Wednesday as part of its plan to lay off 18,000 workers.
Amazon began notifying employees via email, according to Doug Herrington, the company’s global retail chief, in a memo. Herrington stated in his memo that Amazon.com would provide severance, transitional health benefits, and job placement to workers who were laid off.
According to an update on the Worker Adjustment and Retraining Notification (WARN) website, the company is laying off 2,300 people in Seattle and Bellevue. Companies in the United States are required by law to notify employees 60 days before a mass layoff. In a regulatory filing on Wednesday, the company stated that the layoffs were due to “macroeconomic conditions and changing customer priorities.”
Amazon’s job cuts were part of a cost-cutting strategy. “so that we can continue to invest in the wide selection, low prices, and quick shipping that our customers appreciate, “In the memo, Doug Herrington stated. He went on to say that Amazon would keep “investing meaningfully.” “Groceries, Amazon’s business-to-business sales program, services for third-party sellers, and healthcare are among the areas of expansion.
The layoffs are the latest in the US technology sector, as companies reduce their overburdened workforces and cut costs to reverse pandemic-era excesses and prepare for a worsening global economy.
The sources for this piece include an article in Reuters.
