Amazon.com Inc. CEO Andy Jassy said that the company plans to cut a little over 18,000 jobs, citing the economic uncertainties and a high hiring rate in recent years. The cuts will mainly affect Amazon Stores and its People, Experience, and Technology division (PXT). Jassy said the total number of layoffs will include reductions made in November and a new wave of cuts starting on January 18.
"Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so. These changes will help us pursue our long-term opportunities with a stronger cost structure; however, I’m also optimistic that we’ll be inventive, resourceful, and scrappy in this time when we’re not hiring expansively and eliminating some roles," Jassy wrote in a blog post.
