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Economic Downturns are Costing Several Amazon Workers their Jobs, According to Amazon CEO

Economic Downturns are Costing Several Amazon Workers their Jobs, According to Amazon CEO

The CEO of Amazon, Andy Jassy, has reported that the economic downturn is currently affecting the company, making it harder to sustain its current workforce.

Amazon, which had greatly increased its workforce in the past years after the coronavirus outbreak of coronavirus and the eventual lockdown, which led to a lot of demand for e-commerce rise has been reportedly planning to cut at least 10, 000 jobs from its workforce of 1.5 million people, comprising mostly of employees at its warehouses all over the globe and other logistics. 

This is due to the fact that since the lockdown has been lifted and the COVID-19 pandemic brought under control, people have resumed their previous lifestyle, and following the economic downturn that came just after the outbreak, demand for tech services has significantly plummeted. 

In a letter to his workers on Thursday, November 17, CEO Jassy said, “We’ve hired rapidly these last several years. Our yearly planning process extends into the new year, which means there will be a lot more role reductions as leaders keep on making adjustments.”

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Impacted employees and organizations will know their fate early in 2023, the CEO had also revealed. Although he disclosed that Amazon is yet to ascertain how many other worker roles will be affected.

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