Amazon is laying off 500 employees in India across various businesses and roles. According to the article, layoffs are still being processed, and workers from Amazon Web Services (AWS), human resources, and support services are being let go. The report also stated that the 9,000 job cuts announced in March 2023 include this most recent round of layoffs.
As recessionary fears grow, Amazon announced in March that it would be eliminating about 9,000 workers from its Twitch, advertising, and cloud services divisions. Just a few weeks after the company let almost 18,000 workers go, CEO Andy Jassy sent a note to the personnel informing them of the move.
Although the company had significantly increased its employees over the previous five years, according to Jassy, the unstable economy had compelled it to pick cost- and headcount-cutting measures.
“Given the uncertain economy in which we reside, and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount,” he had said.
“Some may ask why we didn’t announce these role reductions with the ones we announced a couple months ago. The short answer is that not all of the teams were done with their analyses in the late fall; and rather than rush through these assessments without the appropriate diligence, we chose to share these decisions as we’ve made them so people had the information as soon as possible,” Jassy was quoted as saying by AP.
As part of larger layoffs in April, Amazon.com Inc. fired around 100 staff from its video-game businesses, including Prime Gaming, Game Growth, and the company’s San Diego studio.
Amazon.com Inc. is reportedly reducing the quantity of shares it intends to grant employees as part of their 2025 bonus, according to reports from earlier in April.
The document reported by Insider also alluded to a potential adjustment in Amazon’s pay structure that would increase salaries for employees, perhaps offsetting any potential decline in the company’s stock price.
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