New Amazon layoffs are the latest correction to years of over-hiring in the tech industry
Posted on AllSides March 21st, 2023
From The Center
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ANALYSIS
Amazon will lay off 9,000 white-collar employees by the end of April, CEO Andy Jassy announced on Monday (March 20), on top of the 18,000 jobs the online retailers has cut since November.
The decision comes amid a crunch in the tech industry that has led the e-commerce giant to cut its more than 1 million worldwide workforce with the company’s largest workforce reduction ever. Jassy cited economic headwinds in a memo to employees.
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