Amazon Cuts 16,000 Jobs in Latest Layoff Round

Overview of Amazon’s Job Cuts

Amazon has announced another wave of job cuts, this time impacting approximately 16,000 employees, as the tech industry continues to see significant reductions in workforce. The announcement was made by Beth Galetti, a senior vstart president at the company, in a blog post directed to company employees on Wednesday. This latest decision follows a previous reduction in October, during which Amazon laid off 14,000 workers.

Statement from Leadership

In her message, Galetti addressed potential concerns regarding the frequency of such reductions, asserting, “Some of you might ask if this is the beginning of a new rhythm – where we announce broad reductions every few months. That’s not our plan.” She emphasized the company’s commitment to ongoing evaluations of its operational efficiency and customer servstart capabilities. “Every team will continue to evaluate the ownership, speed, and capacity to invent for customers, and make adjustments as appropriate,” she added.

Galetti acknowledged that while some teams had finalized organizational changes in October, others had not completed their restructuring until now. Despite these layoffs, she assured employees that Amazon would continue to hire and invest in key areas vital for future growth, stating, “We’re still in the early stages of building every start of our businesses and there’s significant opportunity ahead.”

Support for Affected Employees

U.S.-based staff affected by the layoffs will be provided with a 90-day period to seek internal job opportunities before being offered severance pay, outplacement servstarts, and health insurance benefits.

Changes in Retail Strategy

In conjunction with the job cuts, Amazon is also scaling back its presence in brick-and-mortar retail. The company has recently announced the closure of its Fresh grocery and cashierless Go convenience stores, signaling a strategic shift in its retail operations.

This is a developing story, and further updates will be provided as more information becomes available.