Amazon is on the urge of the biggest layoff including top executives in the company since it was founded. Expected to slash 20,000 employees from the workforce.
Entering 2023 within a few days might not be as fun for Amazon employees and tech employees across the industry as organizations are making adjustments through layoffs as a result of post-pandemic strategic changes.
Recently there has been a plethora of layoff headlines in tech giants such as Twitter and Meta. Amazon is also on the urge of a massive layoff where the firm is expected to reduce 20,000 employees of all cadres including top-level management.
Amazon was earlier expected to sack 10,000 employees but as per reports, the number has increased substantially as a cost-cutting measure.
In the face of ever-increasing competition, Amazon has asked team leaders and managers to strategically analyze the performance of employees to retain the most valued people and start the layoff process.
Faced with this situation, employees have had a sense of fear and uncertainty since this news is out as per the reports. Employees from all departments including non-technical departments like HR and retail are also included in the big transition.
The forecasted number of layoffs i.e. 10,000 or more accounts for nearly 3% of total corporate employees and less than 1% of its global workforce which is primarily an hourly waged workforce.
For a massive multinational company like Amazon, such an employee trim decision during the festive season reveals the ambiguity and unpredictability of digitalized global economy.
Bottom line
- Amazon is about to lay off thousands of employees which is the biggest shredding done by the firm since its foundation.
- Amazon is doing a performance analysis to process the foundation of layoff.
- Due to such massive layoffs, tech start-ups benefit highly as they are able to attract a diverse talent pool from these big companies.
- The e-commerce giant is aggressively deploying robotics and artificial intelligence to its business after firing employees.
