Amazon to cut more than 18,000 jobs

Blames poor economy and over-hiring during the pandemic

clock • 2 min read
Amazon says it will eliminate more than 18,000 jobs
Image:

Amazon says it will eliminate more than 18,000 jobs

Amazon is to eliminate more than 18,000 positions from its workforce, citing the uncertain economic situation and the over-recruitment during the pandemic.

In a memo to staff CEO Andy Jassy said the company's brick-and-mortar stores, including Amazon Fresh and Amazon Go, and its PXT groups, which handle human resources and other functions, would be mo...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Lock-in secrets of the hyperscalers, according to Civo

Cloud Computing

All cloud providers are not equal when it comes to winning contracts, according to Mark Boost, CEO of UK cloud provider Civo.

clock 16 February 2024 • 3 min read
Cisco: significant job cuts likely

Corporate

Company reportedly set to announce layoffs on its earnings call this week

clock 13 February 2024 • 1 min read
Tech giants make big revenue waves: Meta and Amazon reach new highs while Apple faces setback

Finance and Reporting

Meta's market capitalisation skyrocketed to $1.16 trillion

clock 05 February 2024 • 3 min read
Most read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Corporate

Google, Anthropic announce measures to combat election disinformation

Google, Anthropic announce measures to combat election disinformation

Anthropic's AI will steer people towards reputable sources while Google will launch a 'prebunking' campaign

clock 19 February 2024 • 3 min read
Microsoft pledges €3.2 billion for German AI

Microsoft pledges €3.2 billion for German AI

Aims to double AI and data centre infrastructure

Vikki Davies
clock 16 February 2024 • 2 min read
Cisco cuts more than 4,000 jobs

Cisco cuts more than 4,000 jobs

The tech giant, whose customers are still digesting orders received following the clearing of the massive backlog, saw weak product revenues in Q2 2024. Cisco also confirmed that it would be cutting jobs globally to adjust expenses focus on key growth...

Gina Narcisi
clock 15 February 2024 • 3 min read