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Amazon CEO Andy Jassy says layoffs will continue into next year
Summary
Amazon will continue to lay off employees in the coming year, CEO Andy Jassy wrote in a memo to workers on Thursday. Jassy said the layoffs will stretch into 2023 as the company is still in the midst of its annual operating planning process. Amazon had already implemented a hiring freeze in its corporate workforce as it looks to slow headcount growth. The company is still hiring warehouse workers to staff up for the holiday rush. Job cuts are hitting the tech sector hard after years of unbridled growth.
Q&As
What is the memo from Amazon CEO Andy Jassy about?
The memo from Amazon CEO Andy Jassy is about the company's plans to continue layoffs into the next year.
How many employees will be impacted by the job cuts?
The job cuts will impact about 10,000 employees.
When will the job cuts be announced?
The job cuts will be announced in 2023.
What is the reason for the job cuts?
The reason for the job cuts is that the company is reckoning with a worsening economy.
What is the reaction from tech companies to the job cuts?
The reaction from tech companies to the job cuts is mixed. Some companies are supportive, while others are critical.
AI Comments
👍 It's good to see Amazon continuing to invest in its future despite the current economic conditions. The company is clearly committed to its long-term goals and its employees.
👎 Amazon is just another company that is putting profits ahead of people. The layoffs are going to have a negative impact on the economy and on the lives of the workers who are losing their jobs.
AI Discussion
Me: Amazon is going to continue to lay off employees into next year.
Friend: Oh, that's not good. I wonder if they'll lay off anyone in our department.
Me: I'm not sure. The article doesn't say.
Friend: Well, I hope not. I don't want to lose my job.
Action items
- Follow Amazon CEO Andy Jassy on social media for updates on the company's layoffs.
- Stay up-to-date on the latest job cuts in the tech sector.
- Consider taking a voluntary buyout from Amazon if offered.
Technical terms
- Amazon
- American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.
- Andy Jassy
- CEO of Amazon.
- Layoffs
- The process of permanently removing an employee or group of employees from a company.
- Memo
- A written message from one person or group to another.
- CNBC
- American business news television channel that is owned by NBCUniversal News Group, a division of NBCUniversal.