January 4, 2023 ☼ amazon ☼ tech-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.