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Amazon’s CEO says more layoffs will happen in 2023

Summary

Amazon will be cutting more jobs in early 2023, CEO Andy Jassy informed employees in a memo on Thursday. The company hasn't decided how many jobs will be cut, but Jassy says that there will be reductions in the Stores and People, Experience, and Technology organizations. Amazon will try to find roles for impacted people internally, and if it can't, workers will be offered severance packages.

Q&As

What is Amazon planning?
Amazon is planning to cut jobs again at some point in early 2023.

Who is Andy Jassy?
Andy Jassy is the CEO of Amazon.

What is the company's annual planning process?
The company's annual planning process extends into the new year.

How many jobs will be cut?
The company hasn't determined exactly how many additional roles will be cut, but there will be "reductions in our Stores and [People, Experience, and Technology] organizations."

What is the timeline for these cuts?
The company will inform who will be impacted by the future cuts early next year.

AI Comments

👍 Amazon is a company that is always growing and changing. There will always be a need for Amazon employees.

👎 Amazon is a heartless company that doesn't care about its employees. They are always cutting jobs and leaving people unemployed.

AI Discussion

Me: It's about Amazon's CEO announcing that there will be more layoffs next year.

Friend: That's really sad. I wonder how many people will be affected.

Me: I'm not sure. The article doesn't say.

Friend: That's really unfair to the employees. I hope they're able to find new jobs.

Action items

Technical terms

Layoffs
the act of reducing the number of employees within a company
Voluntary buyouts
a situation where an employee is offered a financial incentive to leave their job voluntarily
Severance packages
a financial arrangement offered by an employer to an employee who is being let go from their job

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