Amazon plans to lay off 18,000+ employees, more than its initial target of 10,000 in November 2022, with the “majority” coming from retail and recruiting

Cuts focused on the company's corporate staff exceed earlier projection — Amazon AMZN -0.79%decrease …

Wall Street Journal 2023-01-05

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@briansozzi Brian Sozzi on x
“However, because one of our teammates leaked this information externally, we decided it was better to share this news earlier so you can hear the details directly from me.” Amazon CEO on new 18,000 job cuts. https://www.aboutamazon.com/ ...
@jasonrantz @jasonrantz on x
This is pretty significant — and is happening as the city of Seattle continues its push to hit Amazon with taxes to pay for far-left programs that don't improve lives. https://www.wsj.com/...
@spencersoper @spencersoper on x
So that Amazon layoff # everyone been wondering about is 18,000, about 5% of its corporate workforce and about 1% of its global workforce which is mostly hourly warehouse employees whose numbers get culled every year after Christmas. https://www.bloomberg.com/...
@modestproposal1 @modestproposal1 on x
So Amazon is laying off 5% of corporate employees. 2K in devices, and the rest mostly in the Stores and HR. The absolute numbers sound large but relative to eg CRM it's half the size. Guessing it's $4-5B in savings? https://twitter.com/...
@tomgara Tom Gara on x
Really sucks for Amazon employees to have to wait another two weeks to find out if they're getting laid off https://www.aboutamazon.com/ ...
@lisaabramowicz1 Lisa Abramowicz on x
Amazon's planned layoffs will affect more than 17,000 employees, a higher number than the company initially planned: report. Most of the cuts will focus on corporate positions. https://www.wsj.com/...
@jeffreyatucker Jeffrey A Tucker on x
Slow motion depression. Twenty years from now, however, it will all seem like it came on suddenly. https://www.wsj.com/...
@moreperfectus @moreperfectus on x
Amazon has described itself as “the Bernie Sanders of workplaces,” and recently added the goal of being “Earth's best employer” to its list of corporate values. More details on the layoffs here: https://www.wsj.com/...
@jasonrantz @jasonrantz on x
Amazon confirmed this. It's a big deal. https://www.aboutamazon.com/ ... https://twitter.com/...
@taliaringer Talia Ringer on x
Really not a fan of recruiting more employees than you can guarantee you can support, and then laying them off. Seems flatly unethical still; labor laws in the US really need to sharpen up https://twitter.com/...
@natashafatah Natasha Fatah on x
Amazon's planned layoffs are expected to be the largest number of cuts revealed so far at a major tech company 17,000 expected to lose their jobs https://www.wsj.com/...
@andrewnebus Andrew Nebus on x
Oof. More than double Salesforce. How do you overhire that much? https://twitter.com/...
@jamesvgrimaldi @jamesvgrimaldi on x
Amazon plans to lay off more than 17,000 workers, more than first planned — expected to be the largest number of cuts revealed so far at a major tech company https://www.wsj.com/...
@htsfhickey Fred Hickey on x
Huge job cuts coming just after the 4th qtr closed portends bad results from AMZN when it reports numbers in a few weeks. January into Feb. likely to be a tough period for tech stock investors https://www.wsj.com/...
@thekenyeung Ken on x
Amazon's planned layoffs are expected to be the largest number of cuts revealed so far at a major tech company https://www.wsj.com/... via @WSJ

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Amazon plans to lay off 18,000+ employees, more than its initial target of 10,000 in November 2022, with the “majority” coming from retail and recruiting

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