• chevron_right

      Amazon is firing another 9,000 workers

      news.movim.eu / ArsTechnica · Monday, 20 March, 2023 - 19:14

    The Amazon logo is displayed outside the Amazon UK Services Ltd Warehouse on December 07, 2022 in Warrington, England

    Enlarge / Amazon has announced 27,000 layoffs since November 2022. (credit: Nathan Stirk/Getty Images)

    Amazon will fire another 9,000 workers in the coming weeks. The news was delivered in an email from company CEO Andy Jassy to employees this morning and follows large cuts in November and again in January .

    In his email to staff, Jassy wrote that most of the job cuts will come in four parts of the company: Amazon Web Services or AWS; "People Experience and Technology Solutions"; advertising; and the game-streaming platform Twitch, which has been owned by the Internet behemoth since 2014 . Those areas of the company were also heavily affected by the earlier layoffs, which involved 18,000 workers.

    "This was a difficult decision, but one that we think is best for the company long term," Jassy wrote.

    Read 4 remaining paragraphs | Comments

    • chevron_right

      Big Tech groups disclose $10 billion in charges from job culls and cost cuts

      news.movim.eu / ArsTechnica · Friday, 3 February, 2023 - 14:30

    Montage of company logos

    Enlarge / The job and cost cutting come after a decade of heavy spending in a focus on top-line growth. (credit: FT/Bloomberg)

    Amazon, Meta, Alphabet, and Microsoft will collectively incur more than $10 billion in charges related to mass redundancies, real estate, and other cost-saving measures, as the Big Tech companies reveal the hefty price they incur to rein in spending.

    The US companies that have been implementing the largest job cuts in the tech sector disclosed the high costs related to their restructuring efforts in earnings statements released this week.

    The four groups had previously announced 50,000 job cuts to convince Wall Street they were heading into a “year of efficiency,” as Meta chief executive Mark Zuckerberg described it. This trend comes after more than a decade of heavy spending in a focus on aggressive top-line growth.

    Read 18 remaining paragraphs | Comments