Amazon CEO says company will layoff more than 18,000 workers

January 4, 2023 ☼ amazontech-layoffs

Source: NPR (Link)

For Amazon, the pandemic was an enormous boon to its bottom line, with online sales skyrocketing as people avoided in-store shopping and the need for cloud storage exploded with more businesses and governments moving operations online. And that, in turn, led Amazon to go on a hiring spree, adding hundreds of thousands of jobs over the past several years.

Every boom is followed by a bust. Amazon joins several others such as Meta in laying off folks. These 18,000 represent less than 1% of Amazon’s workforce.