Amazon Cutting Over 18,000 Jobs As Major Layoffs Continue Into 2023

[Mr. Sparkle]

Source: Forbes

Amazon is planning to lay off more than 18,000 employees, adding to a massive round of job cuts first announced last year, the tech giant said Wednesday, after more than 100,000 employees of large U.S. corporations lost their jobs in 2022 amid growing recession fears.

Amazon reportedly planned to lay off roughly 10,000 staffers last year, but the company chose to cut thousands of additional employees this month, bringing the total to over 18,000, CEO Andy Jassy said in a message to staff that cited an “uncertain economy” (Amazon has more than 1.5 million workers, making it one of the largest U.S. employers).

Read more: https://www.forbes.com/sites/brianbushard/2023/01/04/amazon-reportedly-cutting-17000-jobs-as-major-layoffs-continue-into-2023/

[newdayneeded]

1. Does this come from

Christmas being over? maybe they have a reduction like this every January?

[IronLionZion]

2. Update from CEO Andy Jassy on role eliminations

https://www.aboutamazon.com/news/company-news/update-from-ceo-andy-jassy-on-role-eliminations

Devices and Books businesses, and also announced a voluntary reduction offer for some employees in our People, Experience, and Technology (PXT) organization

Several teams are impacted; however, the majority of role eliminations are in our Amazon Stores and PXT organizations.

[getagrip_already]

6. PXT is their HR Internal Tools Team......

Amazon's big brother tools group. At amazon, productivity is king and they measure every breath their employees take.

I guess they think they can coast for a while with the spy tools they have. They are still hiring btw.

Stores were always a speculative business for them. A merger of warehousing and retail. Guess they will hold off on that nonsense for a while since retail and industrial are hard to merge at local planning boards.

Devices have been losing money for years. Alexa is overpaid.

Given their size, this would have happened regardless of the economy. It's just internal business cycles.

[dembotoz]

3. reduction in hours and layoffs is pretty standard in retail after the busy season

friend in retail is watching that where she works even as we speak.

they are doing inventory today

[Rebl2]

4. I heard

on news this does not include warehouse employees. Only higher up employees in the company.

[getagrip_already]

7. cleaning the books......

Corporations will eliminate higher paid workers that have moved beyond their competitive wage or into positions where expensive skills aren't as important. This happens with management and employees who have a lot of seniority and have moved into positions that don't demand the pay levels these people are making.

Cold, but the bean counters love it. It has become very common. Companies just wait for the excuse of a layoff and get rid of their misplaced expensive talent.

[JCMach1]

11. Job churning

[Yavin4]

15. And that's why you should never buy into the "Seniority" corporate bullshit.

Constantly learn new things. Take classes at night if need be. Do not rely on your job to take care of you until retirement. Always look for, and take, new opportunities that will upgrade your skills.

[getagrip_already]

17. agreed... skills pay the bills.....

Too many people begin to believe in their own importance merely based on their position. They believe that what they do is so important, they deserve extra money and recognition. In reality they have just risen based on privilege and connections. Those people are often devastated when they get laid off.

But the practice of cleaning the books is more insidious than that. It isn't a targeted attack on people who have risen above their level of usefulness. It is merely a targeting of highly compensated employees in non-critical roles. Many cannot be replaced with lower aid hires, and the company really needs them to keep doing their jobs.

But the investors love it in the short term. In the long term revenues will fall and costs will rise. But they don't care.

[Yavin4]

18. There are people at my old company that are making over $100K a year

The majority of their day to day tasks can be accomplished with readily available software applications. Their skill levels are about 20 years out of date.

I'm currently looking for a new job. I'm seeing ads that ask for skills that are way above my old colleagues, but are paying $45-$50K less!

[live love laugh]

5. Service has deteriorated and the stock has plummeted.

It takes longer now to get packages.

I have gotten things but the app tells me that they are still on the way while other items have not arrived but are showing up delivered.

The mistakes I mention are worker errors. Something’s changed in the last 6 months. I hope they figure it out.

[getagrip_already]

8. I haven't seen that....

Since they opened larger regional warehouses, we get packages stupid fast. A lot of things I can get the same friggin day I order them. I'm not in a big city, just stupidburbia. We can't even get most restaurants to deliver to us here.

And I haven't received the wrong item in a long time.

Guess it depends where you live?

[live love laugh]

9. It may be local then. Kind of hard to pinpoint

that or even who’s at fault because some packages come through the post office and others directly through Amazon’s delivery fleet.

Hopefully it’ll get resolved.

[Bengus81]

13. If Amazon is shipping from their warehouse then yeah....one or two days

Third party shippers who many don't store stuff at an Amazon warehouse and ship from their home. That's fine except I've bought some stuff and don't even get a shipping notice for 5-6 days sometimes which is ridiculous.

[LenaBaby61]

14. Guess it depends where you live?

It does. I'm lucky enough to be in the same situation that you're in. I have had very few issues in a very long time with packages as they usually are on time and in good shape, and it's been at least 3 years since I've had an item not delivered or an item in bad shape.

[PaulnFortWorth]

10. Forbes Is Misleading - AGAIN!

Forbes states: "...more than 100,000 employees of large U.S. corporations lost their jobs in 2022 amid growing recession fears." (See link above)

CNBC states: "Private payrolls rose by 235,000 for the month, well ahead of the 153,000 Dow Jones estimate and the 127,000 initially reported for November."

Isn't it MISLEADING that Forbes will use the numbers for ONE industry to incite people by predicting a recession while ignoring actual job growth?

I had to check for documented bias using a bias checker. https://mediabiasfactcheck.com/?s=forbes

Yes, Forbes used to be center orientated. No more.

Very disappointed in Forbes.

[mahatmakanejeeves]

12. Nobody is trying to mislead anybody. It's called labor turnover.

Every month, people come, and people go.

Wed Jan 4, 2023: Number of job openings, hires, and total separations change little in November

Number of job openings, hires, and total separations change little in November
The number of job openings changed little at 10.5 million on the last business day of November. The number of hires and total separations also changed little at 6.1 million and 5.9 million, respectively.

[Yavin4]

16. The financial media desperately wants a full recession to force the Fed to cut rates.

The financial media reflects Wall Street, and Wall Street wants the Fed to return to lower rates which frees up money for speculation. Higher rates mean that people can earn a decent return by putting their money into CDs and savings accounts instead of stocks.