Amazon lays off more than 18,000 employees
Janina Gerhardt
| 05.01.2023
The company is thus cutting significantly more jobs than previously announced.
Online retailer Amazon is cutting more than 18,000 jobs, as Spiegel Online reported. This is the largest job cuts in the history of the company, which was founded in 1994. At the end of 2022, Amazon was still said to be laying off 10,000 employees. Now, significantly more jobs will be cut. The mass layoffs had announced CEO Andy Jassy in a memo to employees.
During the pandemic and the upswing in online retail, Amazon hired significantly more employees. At last count, around 1.5 million people were working for the online mail order company. Last year, the group imposed a hiring freeze due to the uncertain economic situation. Inflation has made customers more reluctant to buy and increased costs within the company.
The poor economic situation did not only lead to mass layoffs at Amazon. Other large technology groups such as Meta and Twitter are also cutting jobs.
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