Amazon Job Cuts Extend Into 2023, CEO Says

TL;DR

This year's review was complicated by the "challenging spot" the economy is in, coupled with the fact that Amazon rapidly hired employees in recent years, Jassy said.While Amazon's third-quarter earnings saw improvement over earlier in 2022, overall profits were below expectations.In the past few months, Jassy halted testing on Amazon Scout, the company's robot home delivery initiative.Amazon will provide employees who voluntarily leave the company with a severance payment equal to three months of pay, along with one week of salary for every six months of tenure, CNBC reported citing internal documents.Amazon didn't say how many jobs have been cut, but The New York Times and The Wall Street Journal have reported that the cuts affect around 10,000 corporate employees -- not warehouse workers -- during its busiest time of the year."

Like summarized versions? Support us on Patreon!