Andy Jassy, Amazon CEO says lay offs to extend till 2023

18 Nov 2022 , 12:52 PM

In a letter to employees, the CEO of Amazon.com Inc said there will be further role cuts as the annual planning process stretches into next year and leaders continue to make adjustments. He added that the company was in the middle of an annual operational planning review and was deciding what should change in each of its operations.

According to reports, Amazon told employees about the layoffs on Wednesday. It also offered some other employees a voluntary buyout offer. The company has not yet decided how many employees and roles will be affected by the move. His goal was to cut roughly 10,000 jobs.

Other tech companies, including Facebook parent Meta and Twitter, have also laid off their workforce amid fears of an economic slowdown.

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