The Heritage Foundation’s Andy Puzder discusses Amazon’s massive layoffs and how the workforce has changed since the COVID-19 pandemic on “Fox Business Tonight.”
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.”
Amazon layoffs will continue into 2023, CEO Andy Jassy told employees Thursday. (Kazuhiro Nogi/AFP via Getty Images/Getty Images)
The layoffs, which the Wall Street Journal said could account for 10,000 jobs, have already impacted the company’s Devices and Books businesses.
| Teleprinter | Security | Last | To change | To change % |
|---|---|---|---|---|
| AMZN | AMAZON.COM INC. | 94.85 | -2.27 | -2.34% |
| META | META PLATFORMS INC. | 111.45 | -1.78 | -1.57% |
MARK ZUCKERBERG SAYS HE IS RESPONSIBLE AS META PREPS FOR LAYOFFS: REPORT
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.
Facebook parent company Meta announced it was cutting 11,000 jobs this week. (AP Photo/Tony Avelar, File/AP Newsroom)
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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.
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