As per reports, the latest firings are part of 9,000 jobs cut announcements that was made in March 2023.
According to multiple people aware of the matter told Economic Times, tech giant Amazon is now firing about 500 employees in India across different businesses and functions. The report mentioned that the process to layoff employees is already going, and is part of the 9,000 jobs cut announcement that was made in March 2023.
For those caught unaware, it was in March that Amazon announced its plans to cut around 9,000 jobs from its cloud services, advertising and Twitch units amid recession fears. The same was shared by CEO Andy Jassy through a memo to staff, and it was done just a mere weeks after Amazon laid off around 18,000 employees.
The CEO also mentioned that since Amazon had added a substantial amount of staff in the past few years, it had decided to choose cost and headcount cuts as the fears of an uncertain economy loomed. “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," Jassy, at the time, had said in his memo, published later to Amazon’s corporate blog.
“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 further quoted as saying by AP.
This April, Amazon.com Inc. had fired about 100 employees in its video-game divisions, thereby affecting people working at Prime Gaming, Game Growth and the company’s San Diego studio. These firings were part of the company’s broader cutbacks.
Earlier in April, there were also reports that Amazon.com Inc is cutting the shares it plans to give employees as part of their 2025 compensation, thereby, hinting at a possible change in Amazon's pay model too by giving staff more cash to cover up any potential weakness in its stock price.
