Lates News

According to CNBC, Amazon's announcement last month of over 14,000 layoffs has almost affected all business sectors of the company - from cloud computing, smart devices to advertising, retail, and fresh supermarkets. However, one position that has been hit particularly hard is engineers. Filings in New York, California, New Jersey, and Amazon's headquarters in Washington state show that nearly 40% of the over 4,700 job cuts in these four states were engineering and technical positions. This data comes from Amazon's Worker Adjustment and Retraining Notification (WARN) submitted to state governments. The announcement of this record layoff in Amazon's 31-year history comes as the company joins the wave of tech companies laying off employees this year - despite the industry's increased cash reserves and soaring profits. According to Layoffs.fyi, 231 tech companies have collectively laid off nearly 113,000 people following the trend triggered by post-pandemic strategic adjustments in 2022. Meanwhile, Amazon claims to be adjusting resources towards the AI field. Chief Human Resources Officer Beth Galetti emphasized the importance of innovation in the layoff announcement memo, noting that the company will have to achieve this goal in the future despite significant reductions in engineers.