amazon ceo andy jassy defends massive layoffs again
Last updated on January 13th, 2023 at 04:44 am
Earlier this month, Jassy warned employees that there will be more layoffs at the company in early 2023 “as leaders continue to make adjustments”.
Andy Jassy, the chief executive officer of Amazon, has once again defended the company’s enormous layoffs by stating, “We simply felt the need to reduce expenses.”
In order to defend the widespread layoffs, Jassy cited economic uncertainties at the New York Times DealBook Summit.
Early on in the pandemic, Amazon’s retail business expanded more quickly, and Jassy stated at the event in the US that this “required us to make these decisions at that time to allocate a lot more capital and to go much faster in constructing infrastructure than we ever dreamed we would.”
The Amazon CEO said, “We were aware that we might be overbuilding.
Amazon hasn’t provided specific figures, but prior reports suggested that the business would eliminate 10,000 jobs across its device, retail, and human resources departments.
Jassy informed staff earlier this month that “leaders continue to make adjustments,” there would be additional layoffs at the company in the first quarter of 2023.
As Amazon’s yearly planning process continues into the new year, the e-commerce giant officially acknowledged some layoffs and Jassy revealed additional layoffs are forthcoming.
He had stated in a statement that “those decisions would be discussed with concerned organizations and employees early in 2023.”
We still don’t know exactly how many other roles will be affected (although we do know that there will be cutbacks in our Stores and PXT organizations), but each leader will let their staff know as soon as the specifics are worked out, according to Sassy.
Before making internal or external announcements, Amazon will give direct communication with affected workers top priority.
The evaluation this year is more problematic because we’ve employed quickly over the past few years and the economy is still struggling, according to Jassy.
Numerous departments have been affected by the drastic employment layoffs, but particularly the Luna cloud gaming branch and the Alexa virtual assistant company.
“We officially confirmed a voluntary decrease offer for some employees in our Employees, Experience, and Technology (PXT) organization and communicated the tough decision to reduce a number of roles across our Devices and Books businesses,” Jassy added.