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Amazon formally announces the start of 1st Round of Layoffs

Kaushiki Ghosh by Kaushiki Ghosh
November 17, 2022
in News, Technology
0
Amazon formally announces the start of 1st Round of Layoffs

credits - msn.com

Amazon.com Inc. has disclosed that it has let go of a few staff members. This occurs only a few days after reports surfaced that Amazon would eliminate 10,000 positions nationwide. The gadgets group will experience the Amazon employment reduction.

Earlier this week, several reports stated that the company would be firing personnel from both the human resources and devices divisions. Amazon hasn’t made the size of the initial round of layoffs known to the public.

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Amazon Announces Layoffs

Amazon executive Dave Limp published a blog post on the layoffs on the corporate website. He wrote in his piece that the e-commerce tech giant has been thinking about how to navigate the peculiar and unsettling macroeconomic situation. He asserted that some job roles will no longer be necessary as a result of the decision to merge teams.

Amazon formally announces the start of 1st Round of Layoffs
credits – fortuneindia.com

 They still live in an odd and unpredictable macroeconomic situation, according to Dave Limp. They have been working over the past few months to further prioritize what is most important to the customers and the company in light of this.

Remember when the GOP gave billionaires a $2 TRILLION tax cut cuz they “create” jobs?

Here are the layoffs billionaires have planned

Meta 11,000
Amazon 10,000
Twitter 3,700
Salesforce 2,000
Netflix 450
Robinhood 30%
Intel 20%
Snap 20%

Trickle down economics is one Big Fat Scam

— Lindy Li (@lindyli) November 17, 2022

They recently chose to merge some teams and programs after conducting a thorough set of reviews. The elimination of some roles as a result of these choices is one of the effects.

Jobs Were Cut from Devices & Service

He declared that the positions at Devices & Service would be eliminated. He continued by saying that it hurts him to have to break the news because they are aware that the Devices & Services organization will lose brilliant Amazonians as a result.

Amazon formally announces the start of 1st Round of Layoffs
credits – indiatvnews.com

He is immensely proud of the team they have developed, and none of them ever want to see even one important team member depart.

Tech Layoff

Meta – 11k (13%)
Twitter – 3.7k (50%)
Intel – 20%
Snap – 20%
Netflix – 450
Robinhood – 30%
Stripe, Lyft – 13%
Salesforce – 2k
Amazon – 10k

120k+ layoffs. 2000-01 dot com layoffs were ~107k. Q4 layoffs have just begun.
A brutally cold tech winter is coming.

— Deedy (@deedydas) November 14, 2022

Amazon says it will continue to collaborate closely with each affected employee to give support, including aiding in the search for other employment, and it has notified the affected employees.

Amazon formally announces the start of 1st Round of Layoffs
credits – indiatvnews.com

When employees are unable to find a new position within the organization, Amazon will assist with the transition by providing a package that consists of a separation payment, transitional benefits, and assistance with finding a job outside the company.

Read: New Game Ready Driver Released For GeForce RTX 4080, supports Spider-Man: Miles Morales with DLSS 3

Tags: 1st roundAmazonAnnouncesLayoffs
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