Amazon lays off 18k: Tech job cuts continue as industry struggles #shorts #news  #amazon
Channel: The Donut News
Date: 2023-01-19

Amazon cuts deep, laying off 18,000 employees amid a tech industry-wide trend of job reductions. The company has continued to make the largest job cuts in its history just months after an initial round of 10,000 job cuts. According to Seattle Times and multiple other outlets, Amazon made the staff reductions in its human resources and stores division. Amazon CEO Andy Jassy announced the company planned to lay off more than 18,000 employees "between the reductions we made in November and the ones we’re sharing today". This news comes on the same day as Microsoft announced it would be reducing its workforce by 10,000 people through the end of the third quarter of the 2023 fiscal year. Tech companies are not alone in this trend as there were at least 154,000 layoffs from more than 1,000 tech companies last year.