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After confirming layoffs across wide swaths of its business this week, Amazon’s chief executive told employees that more cuts are to come.

“Our annual planning process extends into the new year, which means there will be more role reductions as leaders continue to make adjustments,” Amazon CEO Andy Jassy said in a memo Thursday that the company posted to its corporate website.

This year’s annual operational review, Jassy said, has been “more difficult due to the fact that the economy remains in a challenging spot and we’ve hired rapidly the last several years.”

Jassy added that management hadn’t decided yet how many more jobs would be cut. The company plans to begin notifying impacted employees and units early in 2023.

The chief did note that there will be job reductions in Amazon’s stores and PXT (People, Experience and Technology) organizations.

Amazon’s PXT unit already went through some reductions this week with voluntary offers made to some employees, per the memo.

Amazon’s confirmation of job cuts Thursday followed reports in The New York Times and other media that the e-commerce giant planned to lay off as many as 10,000 employees, including in its retail operations, device and human resources teams.

“Amazon has weathered uncertainty and difficult economies in the past, and we will continue to do so,” Jassy said Friday.

He also said that “[w]e have big opportunities ahead,” and cited specifically “established” units like stores, advertising and its cloud services, as well as “newer initiatives” in its Prime Video, Alexa, Kuiper, Zoox and healthcare businesses.

Read More: Amazon CEO signals more layoffs to come in 2023

2022-11-18 16:38:00

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