BUSINESS + ECONOMY
Amazon will lay off more than 18,000 workers
Jan 5, 2023, 6:00 AM
(Photo by Maja Hitij/Getty Images)
(CNN) — Amazon says it plans to lay off more than 18,000 employees.
Several units will be affected, including Amazon Stores and its human resources department, according to a statement from CEO Andy Jassy.
“Companies that last a long time go through different phases. They’re not in heavy people expansion mode every year,” he said.
Jassy had said in November that job cuts at the e-commerce giant would continue into early 2023. Multiple outlets reported in the fall that Amazon had planned to cut around 10,000 employees.
Amazon and other tech firms significantly ramped up hiring over the past couple of years as the pandemic shifted consumers’ habits toward e-commerce. Now, many of these seemingly untouchable tech companies are experiencing whiplash and laying off thousands of workers as people return to pre-pandemic habits and macroeconomic conditions deteriorate.
Facebook-parent Meta recently announced 11,000 job cuts, the largest in the company’s history. Twitter also announced widespread job cuts after Elon Musk bought the company for $44 billion.
Salesforce this week said it would cut 10% of its staff.
We want to hear from you.
Have a story idea or tip? Send it to the KSL NewsRadio team here.
Today’s Top Stories
- Congressman Chris Stewart announces resignation
- U of U Health, Regence insurance warn they may not reach a contract
- Rattlesnakes are appearing on Utah trails, around homes later than normal
- Woman barricades herself inside West Jordan home, then arrested
- Herriman couple ‘lucky to be alive’ after socket smashes windshield
- Citing rising rivers, Sandy Mayor issues emergency declaration
- Public comment period approved for quarry in Parley’s Canyon
- Lori Vallow Daybell shrugs after being handed docs about delivering up her kids, video shows
- Becky Edwards announces her intent to run to represent Utah’s 2nd Congressional District
- Source: Congressman Chris Stewart will resign, special election dates not known