Amazon CEO Andy Jassy told employees in a memo released Thursday that the layoffs would continue into 2023, writing that the economy is in a “difficult situation” and the e-commerce giant has “hired quickly” in recent years.
“Our annual planning process extends into the new year, which means there will be more role reductions as leaders continue to make adjustments,” Jassy wrote in the memo.
“These decisions will be shared with affected employees and organizations in early 2023.”
The layoffs, which the Wall Street Journal said could account for 10,000 jobs, have already impacted the company’s Devices and Books businesses.
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Jassy, who took over for Jeff Bezos, Founder of Amazon last year called it “the hardest decision” he and his team had to make.
Amazon’s announcement comes amid a larger downturn in the tech industry, with several companies announcing layoffs in recent weeks.
Meta, Facebook’s parent company, said last week that it reduce its workforce around 13%, or 11,000 jobs.
Twitter laid off about half of its workforce in early November, shortly after Elon Musk sealed his $44 billion deal to buy the social media platform.