According to reports, global e-commerce major, Amazon has announced that the company is freezing new hiring in its corporate workforce sighting due to uncertainty in the global economy.
E-commerce major has told employees in some unprofitable units to look for jobs elsewhere in the company. However, the exact number is unclear.
As per the WSJ report, the company will be moving to redeploy staff from certain teams to more profitable areas and closing teams in areas such as robotics and retail.
“We anticipate keeping this pause in place for the next few months, and will continue to monitor what we’re seeing in the economy and the business to adjust as we think makes sense,” Beth Galetti, senior vice-president of People Experience and Technology at Amazon had said in a blog post.
“In general, depending on the business or area of the company, we will hire backfills to replace employees who move on to new opportunities, and there are some targeted places where we will continue to hire people incrementally,” She noted.
Recently, Jamie Zhang an employee Software Engineer, at Amazon Robotics AI shared, “My 1.5yrs tenure at Amazon Robotics AI came to an end in a surprising layoff (our entire robotics team was gone!)
“It was a great journey to work alongside the amazing leaders and engineers, and for my part to help build out large-scale distributed systems via AWS for our robotics CI / CD pipelines. Thank you all for making me a better software engineer in the process”, he added.
“For the new chapter, I am open to both local (CO) and US remote opportunities for software engineering positions. Referrals and direct messages are most welcome!”, he further said.
IT companies are already seeing margin pressure due to inflation and impending recession in markets like the US and Europe. Most recently, Meta has cut over 11,000 jobs, which is nearly 13% of its workforce.
In a letter to employees on Wednesday, CEO Mark Zuckerberg said that layoffs contend with faltering revenue and broader tech industry woes.
On the other hand, Elon Musk owned Twitter laid off about 3,700 jobs, or half of the company’s workforce in a bid to cut costs.