ECON Amazon Prepares To Fire Another 9,000 Workers

Cardinal

Cardinal

Chickministrator
_______________

Amazon Prepares To Fire Another 9,000 Workers | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

MONDAY, MAR 20, 2023 - 11:00 AM
Bloomberg reported that Amazon sent an internal email notifying its employees about an upcoming wave of layoffs, which is part of the company's continuing strategy to reduce costs amid mounting macroeconomic uncertainty.
Amazon CEO Andy Jassy reportedly told employees that an additional 9,000 people would be laid off in the coming weeks.
Chief Executive Officer Andy Jassy announced the cuts internally Monday, saying they would occur in the coming weeks and primarily affect Amazon Web Services, human resources, advertising and the Twitch livestreaming service groups. --Bloomberg
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The world's largest e-commerce company is grappling with sliding online sales growth and bracing for a possible recession.
In mid-January, Amazon notified employees about reducing its headcount by 18,000 workers worldwide -- the largest round of jobs cuts in the company's history.
It appears the company has massively overhired in the last several years -- just like most tech companies.

Last week, Meta slashed another 10,000 workers. According to the layoff tracking website Layoffs.fyi, 483 tech companies have fired 128,000 workers so far this year.
Shares of Amazon moved slightly higher after the news.

... and the news comes weeks after Amazon paused construction on its giant second headquarters in Arlington, Virginia.
 
Blacknarwhal

Blacknarwhal

Let's Go Brandon!
Cardinal said:
... and the news comes weeks after Amazon paused construction on its giant second headquarters in Arlington, Virginia.
Click to expand...

They didn't really pause construction. They stopped construction on one part of the headquarters, last I knew. It's still set to be done in the next few months, but the one part that would have held a few thousand other employees is out of the picture for a while.

Still though, with 9,000 workers fired, they likely won't be restarting that phase of construction for quite some time. If ever.
 
Macgyver

Macgyver

Has No Life - Lives on TB
Probably just like the last time. That layoff had nothing to do with Amazon shopping.
 
Jedi Master Scot

Jedi Master Scot

Contributing Member
Cardinal said:

Amazon Prepares To Fire Another 9,000 Workers | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

MONDAY, MAR 20, 2023 - 11:00 AM
Bloomberg reported that Amazon sent an internal email notifying its employees about an upcoming wave of layoffs, which is part of the company's continuing strategy to reduce costs amid mounting macroeconomic uncertainty.
Amazon CEO Andy Jassy reportedly told employees that an additional 9,000 people would be laid off in the coming weeks.

The world's largest e-commerce company is grappling with sliding online sales growth and bracing for a possible recession.
In mid-January, Amazon notified employees about reducing its headcount by 18,000 workers worldwide -- the largest round of jobs cuts in the company's history.
It appears the company has massively overhired in the last several years -- just like most tech companies.

Last week, Meta slashed another 10,000 workers. According to the layoff tracking website Layoffs.fyi, 483 tech companies have fired 128,000 workers so far this year.
Shares of Amazon moved slightly higher after the news.

... and the news comes weeks after Amazon paused construction on its giant second headquarters in Arlington, Virginia.
Click to expand...
Volumes are way down to lowest levels in a year, one shift last week of 4 hours only had 20,000 packages to sort, down from a slow day of normally 40,000
 
Jedi Master Scot

Jedi Master Scot

Contributing Member
Jedi Master Scot said:
Volumes are way down to lowest levels in a year, one shift last week of 4 hours only had 20,000 packages to sort, down from a slow day of normally 40,000
Click to expand...
Normally Amazon promotes seasonal help in February every year, that has not happened yet and is on hold, all new hires are coming in as temp help, won't be hard to cut 9000 across the US
 
Nowski

Nowski

Let's Go Brandon!
I order something from Amazon, nearly every month.

Usually some thing related to prepping, additions to radio
setups and battle rattle gear, etc. Chest rig, mag pouches,
and other related items, have come from Amazon.

Many times over past couple of years, most of the shipments
were TBA, Travel By Amazon. I would get an alert that my
shipment was out for delivery, and I could follow it online.

Now, there are no TBA deliveries, at least not to my house.
My orders this month included, a second duffel bag,
so that I can get more gear organized, and also some
additional add-ons, to my ham radio amp box.
Meters and fans, circuit breakers, etc. have all
come from Amazon.

My amp box project, which I started back in 1997,
will be completed, once the amp fans installation
is finally finished. No one else has an amp box like mine,
and it works great, 500 watts on HF, and 170 watts
on 2 meters.

The duffel bag was delivered by UPS, and my second
order is coming by USPS. USB cable for my APCO-25
scanner and fan grill covers for the amp box fans.

I did the Prime thing several years ago, however I just
go with the standard shipping now.

Decades ago, I could go to Radio Shack to get lots
of things for projects, now Radio Shack is no more.

The end is near, do not be sad, but be happy.

Please be safe everyone.

Regards to all.

Nowski
 
West

West

Senior
To-late said:
Interesting.
Where I live, they (Amazon) are building mile long warehouses like crazy.
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Thinking concentration camps. Or as the new liberal socialist may call them "the re-education camps" where no one graduates from.
 
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