Amazon CEO Andy Jassy Announces 'Most Difficult Decision' in More Bad News for the Tech Giant Next YearOther tech companies like Meta, Twitter and Shopify are feeling the same pressure.
ByAmanda Breen•
It's been a tough time for tech companies, with workforce cuts across major players likeMeta,Twitterand Shopify, and things aren't looking up just yet.
Amazonplans to lay off roughly 10,000 employees,sources told CNBC. Some employees were let go earlier this week;voluntary buyoutswere also reportedly offered. And the "role eliminations" will continue into the new year, Amazon CEO Andy Jassy said in amemo.
Related:Amazon Officially Announces First Round Of Layoffs
"I've been in this role now for about a year and a half, and without a doubt, this is the most difficult decision we've made during that time…" Jassy wrote. "It's not lost on me or any of the leaders who make these decisions that these aren't just roles we're eliminating, but rather, people with emotions, ambitions, and responsibilities whose lives will be impacted."
Those leaders includeMark Zuckerbergand Elon Musk. Earlier this month,Metalaid off 11,000 employees, 13% of its workforce. Musk slashedapproximately 3,700 roles, nearly half of Twitter's workforce.
Related:Meta Shuttle Bus Drivers Laid Off Because of Remote Work
Amazon's own layoffs follow a hiring freeze that wasannouncedon November 2. That freeze is anticipated to remain in place over the next several months, though the company is continuing to hire warehouse workers for the busy holiday season, perCNBC.
Amazon.com, Inc is down 49% year over year.
