According to reports, The e-commerce company, Amazon has delayed the joining dates for some university graduates until the end of 2023 due to cost-cutting efforts.
The onboarding of the employees was expected to be completed by May this year. However, the company didn’t reveal the exact number of employees affected due to the delay in the onboarding.
Amazon spokesperson said, “In light of the challenging economic conditions, we’re delaying the start dates for some of our college hires by up to six months.”
“We’re offering assistance to help address any financial impact. Amazon remains committed to university recruiting and our internship program as important pathways to find the next generation of leaders and builders,” the spokesperson added.
According to the report, the employees affected by the delay are receiving a one-time payment of $13,000 (roughly Rs 10 lakh) regardless of whether they decide to still join the company.
Recently, Amazon laid off nearly 10,000 employees. The company employs more than 1.5 million employees globally, which includes hourly staff.
These layoffs affected nearly three percent of Amazon’s corporate employees and less than one percent of its global workforce. The company already froze hiring in September. In October, the company stopped hiring for more than 10,000 open roles in its core retail business.
Amazon also stopped corporate hiring across. The company from April- September reduced its headcount by almost 80,000 people.
Amazon is reportedly set to lay off over 20,000 employees in the coming days to cut costs. Recently, the company also shut down its three businesses in India.
Amazon is shutting down its wholesale distribution business, followed by shutting down its food-delivery business and the Amazon Academy platform was a platform that provided coaching for competitive exams including Joint Entrance Examination (JEE), which allows entry into top engineering colleges across India.
The company is currently working on cost-cutting measures amid the economic slowdown.