While revenues are falling, costs are rising, causing many companies to have suffered losses or post-lower-than-expected profits for several quarters in a row. As a result, technology companies are also introducing austerity policies.
As you may remember, companies such as Tesla, Twitter, and Meta have frequently occupied our agenda with the news of layoffs in recent months. Amazon recently joined these companies, and the American technology giant laid off many of its employees. However, it seems that the layoffs at the company are not over yet. Because Amazon announced that the layoffs will continue in 2023.
Sharing his plans on the subject in the note he sent to the company employees, CEO Andy Jassy announced that there will be layoffs in the first months of 2023. But he did not specify exactly how many people would be laid off.
Unlike Twitter, Amazon first conducts this entire process in-house and then shares it with the public. The dismissals that took place in the past days were first shared with the company employees and then reflected in the press. Andy Jassy, in the note he sent to his employees yesterday, informed the employees that new layoffs were on the way, again first. Management believes this approach will reduce unrest within the company.
