Amazon preparing to lay off 18,000 employees, CEO Andy Jesse said this

TechnologyAmazon preparing to lay off 18,000 employees, CEO Andy Jesse said this
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The tech giant’s boss, Andy Jassy, ​​said Amazon aims to reduce more than 18,000 roles. The chief executive wrote a note to employees where he informed them that “affected workers will be informed from 18 January.” The note released on ‘Update from CEO Andy Jassy on role elimination’ shared that there will be around 6% layoffs which will affect the approximately 300,000-strong corporate workforce.

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“We are working to support those who are affected and are providing a package that includes a severance pay, health insurance benefits and external job placement support,” Jesse said in the note addressed to Amazon staff. Furthermore, he added, “Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so.”

In November, Jesse told employees that the layoffs were due to the economic landscape and the company’s rapid hiring spree over the past several years and would affect people working in Amazon Fresh and Amazon Go and its PXT organizations, according to the Associated Press. .

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Also, the uncertain economy has made this review decision more difficult for the firm, the note from the Amazon CEO further reads. “In November, we made the difficult decision to eliminate a number of positions in our devices and books businesses, and also announced the offer of voluntary reductions to certain employees in our People, Experience and Technology (PXT) organization.”

Layoffs in giant tech companies

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Apart from Amazon, there are many other big companies which have laid off their employees. Business software maker Salesforce, an American technology company, has also announced massive job cuts, reports the Associated Press.

Employees who lose their jobs will receive about five months’ pay, health insurance, career resources and other benefits, according to Salesforce, reports the Associated Press. It has been confirmed by Amazon that will provide a severance pay, transitional health insurance benefits and job placement support.

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