From 10,000 to 20,000 – Amazon Layoffs List Continues to Grow

Amazon layoffs list continues to grow as the tech giant plans to fire 20,000 people at all levels

Up to 20,000 Amazon employees may be let go in the near future at all levels. All employees, including those with the highest seniority, will be let go as the tech giant Amazon layoffs list continues to grow. The performance of the staff will be evaluated by the firm managers.

It appears that Amazon plans to fire 20,000 people, which is twice as many as previously estimated. Workers from distribution centers, IT professionals, and corporate leaders will all be let go by Amazon across a number of areas. According to those with knowledge of the situation, Amazon layoffs will happen in the upcoming months. Staff at all levels are likely to be impacted because Amazon workers are ranked from level 1 to level 7. The NYT originally revealed that Amazon plans layoffs in mid-November, citing sources who said that as many as 10,000 workers would be let go.

This is hardly shocking given that Amazon's CEO, Andy Jassy, recently acknowledged that the company is getting ready to lay off workers in a number of areas. However, he remained mum on how many workers might be affected. The New York Times was informed by a few unnamed corporate sources in November that the business intended to fire 10,000 workers.

According to a recent source, this number has now climbed and Amazon wants to terminate employees at all levels, including those in the most senior positions. According to the quoted source, the firm managers have cited to evaluate workers' job performance so that Amazon may begin the process of laying off roughly 20,000 individuals.

The e-commerce behemoth will lay off 6% of its corporate personnel and around 1.3% of its 1.5 million employees, including hourly and worldwide distribution center according to the claimed source, corporate personnel has already been informed that the affected employees would get a 24-hour notice along with severance money. One individual who was apprised of the layoff news told Computer World that there is a sense of anxiety among firm employees as a result of the announcement.

"The layoffs are being made throughout the company; no specific division or location has been named. According to the information provided to us, this is due to overhiring during the epidemic and the necessity for cost-cutting since the business's finances have been trending downward.

The CEO of Amazon recently stated that the layoff process would go on for a few months and that the affected employees would be informed once the business had completed its assessment. Consequently, the number of reductions may have grown as it carefully examines all the departments throughout the region to reduce costs.

As leaders continue to make changes, further role reductions will occur as our yearly planning process continues into the following year. Early in 2023, those choices will be communicated to the companies and workers who will be impacted. We don't yet know how many more positions will be affected (although we do know that there will be cutbacks in our Stores and PXT organizations), but each leader will let their relevant teams know as soon as we know the specifics. And, as has been the case this week, we'll give direct communication with those affected workers priority over internal or external statements to the general public, added Andy.

Although it is still anticipated that enterprise IT expenditure would increase over the coming year, this prediction hasn't been convincing enough to relieve the worries of computer sector heavyweights, particularly those with significant consumer retail operations. Many software firms have announced layoffs in the past few months amid a period of increasing interest rates, the conflict in Ukraine, high fuel prices, supply chain problems, and a fall in sales of personal computers.

Even Amazon Web Services (AWS), the company's most lucrative business and cloud services division, has seen signs of slowing growth since the start of this fiscal year. AWS reported revenue growth of 27.5% year over year for the quarter that ended in September as opposed to 33% and 36.5% year-over-year growth for the two quarters prior, respectively.

Amazon CFO Brian Olsavsky explained the decline in growth during the company's third-quarter earnings call with analysts by pointing to macroeconomic factors that were forcing customers to make short-term financial cuts.