Amazon Cuts Thousands of Jobs: Amazon is a big company that lots of people buy things from online. They are getting rid of 16,000 jobs, in their offices. This is the time Amazon has cut a lot of jobs in just three months. Amazon is doing this again which is pretty surprising because it was not long ago that Amazon cut a lot of jobs.
Amazon is making some changes to the way it does things. The company wants to use intelligence to help with some tasks that people normally do. Amazon is also trying to work by getting rid of some managers and rules that are not really needed. Amazon wants to make things simpler so that Amazon can do things quicker.
Beth Galetti, a leader at Amazon said that Amazon wants the workers at Amazon to have more things to take care of and less paperwork to do. She said that Amazon is trying to make things simpler by getting rid of steps giving the workers at Amazon more control, over their work and removing the red tape at Amazon.
Amazon did not say which teams or countries will lose people when they cut jobs. Amazon is making these job cuts. Amazon has not said which teams at Amazon or which countries will be affected by the job cuts, at Amazon.
The company is letting people go. This is happening after they already cut 14,000 jobs back, in October. Some parts of the company made their changes a while ago. Other parts of the company are just finishing up now with the companys layoffs. The companys layoffs are still going on.
Employees in the United States who lose their jobs at Amazon will have ninety days to look for another job at Amazon.
If Amazon employees cannot find another job at Amazon or if they do not want to switch to a role, at Amazon then Amazon will give Amazon employees severance pay.
Amazon will also give Amazon employees health insurance and Amazon will help Amazon employees find a job.
Amazon is letting some people go. They still want to hire new people in areas that are really important, for the company. These areas will help Amazon grow and do well in the future. Amazon needs people with the skills to make this happen so they will keep hiring in these important areas.
Amazons CEO, Andy Jassy has talked about this before. He thinks artificial intelligence is going to change the way offices work. This means there will probably be office jobs, in the future.
Andy Jassy also said that Amazon is not laying people off because the company is losing money.
Amazon is doing well with money. The company just had a quarter and made a huge profit of around $21 billion. That is a jump of almost 40% from what Amazon made before. Amazon also earned than $180 billion, in revenue. Amazon is really bringing in a lot of money and Amazon is very successful.
Jassy said that the issue is not about money it is about the Amazon company culture. He explained that Amazon grew quickly when the COVID-19 pandemic was happening and they hired a lot of people. Now Amazon has many workers and there are too many management layers at Amazon. Jassy thinks that this is a problem, for Amazon.
Amazon is not the one. There are other big companies that are cutting jobs now. These companies hired a lot of people when the pandemic was going on. Now some companies are waiting to hire people because they are not sure what will happen with the economy. They are worried about inflation and changes, in trade rules. They are also worried that Amazon and other companies will use Artificial Intelligence to do jobs that people used to do.
This week was really tough for some companies. United Parcel Service or UPS for short said it is going to let go of up to 30,000 jobs. Then Pinterest announced that it will be laying off than 15 percent of its workers. The reason for this is that Pinterest wants to invest money in Artificial Intelligence or AI. This is a change, for UPS and Pinterest and it will affect a lot of people who work for UPS and Pinterest.
Even with all this news, Amazon’s stock price rose slightly, showing that investors still believe the company is strong.
Read More: UPS to Cut Up to 30000 Jobs as It Scales Back Amazon Deliveries
