Amazon is Cutting Hundreds of Jobs

Daniel L
Category:  Financial News
Amazon.com is laying off hundreds of employees. This is an effort by the online shipping and retail giant to shift resources to business units that are growing.

In a recent article in the Seattle Times, Amazon reported that they would make layoffs while “managing out others” as Amazon starts to consolidate retail sales positions within the company.

It would seem that the layoffs will focus on personnel at the company’s Seattle headquarters. They changes to staffing will have a global impact and will occur in the company’s retail business. This includes toys, books and groceries. This will make it able to shift resources to business units that are growing. This units include Alexa, AWS and its digital entertainment. Jeff Bezos said in a statement that this would occur during the last financial earnings call and that the company would “double down” on Alexa. Alexa is growing better than expectations had thought it would.

The online giant does support thousands of jobs globally.  However, the layoffs are in contrast to Amazon’s expansion over the last several years. The company has created 130,000 jobs around the world in 2017, alone. This does not include the 90,000 jobs created when it bought Whole Foods. Amazon has nearly 4,000 jobs currently open for applications in Seattle. They have 12,000 openings globally.

In an interview with CNN Money, the company said that "as part of our annual planning process, we are making head count adjustments across the company. [There will be] small reductions in a couple of places and aggressive hiring in many others.” The company also stated that "for affected employees, we work to find roles in the areas where we are hiring."

These layoffs follow a supposed hiring freeze in place from late 2017. Back in December, Amazon said they would cut back on hiring. This was taken as a sign of slow down as the company’s rapid expansion seen over the last few years is coming to a close. The only giant also said that they had fewer job openings from August to December in 2017. This was its slowest pace of hiring in the fourth quarter of last year.
 
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