Did Amazon Layoff Employees? Amazon’s Gloomy Day: 9,000 Jobs Cut
Did Amazon layoff employees? Oh, what a gloomy day for Amazon! The retail giant seems to have misplaced its umbrella as it starts pouring pink slips on its cloud computing and human resources divisions. If you think Amazon’s rainforest is in danger, wait until you see what’s happening to the company’s workforce.
In a move that’s as shocking as discovering your Prime delivery is late, Amazon Web Services (AWS) CEO Adam Selipsky and human resources head Beth Galetti decided to rain on the parade of some employees in the U.S., Canada, and Costa Rica by informing them of job cuts. When it rains, it pours, and the company’s recent layoffs are nothing short of a torrential downpour, affecting a whopping 9,000 employees.
Cutthroat Business: Andy Jassy’s Cost-Cutting Plan for Amazon
You know what they say: there’s no business-like cutthroat business, and Amazon CEO Andy Jassy seems to have taken that advice to heart. With the economic downturn and slowing growth in the core retail business, Jassy is slashing costs like a horror movie villain in a dark forest. It seems that the only thing Amazon can’t deliver is job security.
Amazon investors don’t have to worry – at least not yet. They’re eagerly awaiting the first-quarter earnings report on Thursday to see if Jassy’s cost-cutting measures have improved profitability. Who knew that a little workplace misery could bring so much joy to Wall Street?
So, as Amazon trims the fat in its most profitable businesses, one can only wonder if the company has a Prime membership to the Heartbreak Hotel. The next time you enjoy free two-day shipping or binge-watch your favorite series on Prime Video, spare a thought for the thousands of employees who are now left out in the rain.
But hey, it’s not all bad news: at least Amazon’s stock surged more than 3% in afternoon trading on Wednesday. Silver linings, right?
