Amazon has announced that it will let go of more than 18,000 employees in response to the recent wave of corporate layoffs.
According to a public staff message from Chief Executive Andy Jassy, according to Reuters, Amazon will now let go of more than 18,000 people as part of a workforce reduction it previously announced.
The corporation’s e-commerce and human resources departments will be seriously affected by the layoffs. On January 18, the company will start speaking with the impacted employees. 6% of Amazon’s approximately 300,000 corporate employees—or 18,000 workers—will be laid off by the company.
In the message, Jassy stated that annual planning “has been more difficult given the volatile economy and that we’ve hired quickly over the last three years.”
There are reportedly more than 1.5 million individuals working for Amazon, including employees. It began firing staff from its devices division in November with a target of 10,000 job cuts, according to a source who spoke to Reuters at the time.
Amazon Inc. said on Tuesday that it has achieved an agreement with a group of lenders to receive a $8 billion unsecured loan from the e-commerce behemoth.
The term loan, which has a 364-day maturity date and a 364-day extension option, will generate income that will be used for general business needs.
The online retailer has been planning for slower growth anticipated as businesses and consumers cut down on spending as a result of increasing prices.
On Wednesday, not only did Amazon announce its intention to reform, but also Salesforce, which would result in the loss of around 10% of its staff. The company said that it is currently going through a recession because it hired too many new employees.
In a memo to workers, Salesforce co-CEO Marc Benioff wrote, “The climate remains harsh and our clients are adopting a more cautious approach to their purchasing choices.”
