Amazon has announced that it will be cutting more than 18,000 jobs

Amazon has recently announced that it will be cutting more than 18,000 jobs from its global workforce, citing the uncertain economy and the fact that it had hired rapidly during the pandemic. CEO Andy Jassy said in a statement to staff: “Between the reductions we made in November and the ones we’re sharing today, we plan to eliminate just over 18,000 roles.”

These job cuts amount to 6 percent of the company’s roughly 300,000-person corporate workforce. In order to support those affected, Amazon is providing packages that include a separation payment, transitional health insurance benefits, and external job placement support. Jassy also noted that some of the layoffs would be in Europe.

He said "These difficult decisions reflect the changing landscape of the economy and the need for businesses to adjust to the changing times. We understand that these job losses will have a significant impact on many people and their families, and we are committed to providing them with the resources and support they need during this difficult period."