In a memo sent Monday to employees, Amazon CEO Andy Jassy said the tech giant is laying off another 9,000 employees in another round of job cuts. Most of the cuts will impact staff in Amazon Web Services (AWS), People, Experience and Technology (PXT), advertising and Twitch, a live-streaming gaming platform acquired by Amazon in 2014.
Amid the worst economic downturn since the Great Recession, many big tech companies have announced tens of thousands of job cuts this year. Just last week, Facebook’s parent Meta revealed another 10,000 layoffs.
Cloud Computing
Cloud computing is a growing field, offering more and more options for companies to work remotely, boost efficiency through automation, save money on IT infrastructure and more. As such, it’s important for business leaders to understand what the different cloud services are and how they can be used.
In the past, businesses had to rely on their own hard drives and private data centers to store information, which was a costly process. It also required large amounts of server space that would be unused for much of the time.
The cloud, which is based on remote servers, makes this process more cost-effective and scalable. It reduces the need for onsite server installations and maintenance, and it provides more reliable service.
Cloud providers are always trying to secure their customers’ data, and they make sure that the systems they manage are governed by the laws of the countries where they operate. This means that European companies, for example, will need to be aware of the regulations in their region if they choose to store their data there.
Advertising
Amazon today announced that it will be laying off another 9,000 employees in another round of job cuts. This announcement comes two months after the company previously revealed that it was laying off 18,000 workers.
The move is part of a wider effort to cut costs and streamline headcount. The company froze hiring in its corporate workforce, axed some experimental projects, and slowed warehouse expansion.
Meanwhile, it has also invested in robotics companies to help automate its workflow and run competitions that aim to make robots better at sorting items for shipping. It is also developing autonomous drones to fly smaller items to Prime customers in under thirty minutes.
These layoffs are the latest in a series of job cuts by the so-called big 5″ tech companies, including Facebook’s parent Meta, which revealed last week that it would be cutting another 10,000 jobs. This is a reflection of recession concerns, DA Davidson analyst Tom Forte says.
Human Resources
Human resources is the department within a business that manages the hiring, onboarding and training of employees. This includes vetting and screening job candidates, negotiating pay and benefits, upskilling employees, establishing a positive workplace culture and managing employer-employee relationships.
HR also stays on top of new legislation governing how workers are treated during the hiring, working and firing processes. This helps businesses achieve a balanced balance between the interests of workers and management.
CEO Andy Jassy wrote in a note to Amazon employees on Monday that the company will lay off about 9,000 workers, mostly in the AWS cloud unit, PXT (People Experience and Technology), Advertising and Twitch.
Amazon slashed about 18,000 jobs last year and has continued to pursue cost cuts as the economy lingers in limbo. The company’s “overriding tenet of our annual planning this year was to be leaner,” Jassy said in the memo. He added that the decision to cut 9,000 workers was prompted by ongoing analysis of priorities and an uncertain economy.
Twitch
The US e-commerce giant Amazon plans to lay off 9000 employees in another round of job cuts. CEO Andy Jassy announced the reductions in a memo to staff this morning (March 20).
The company will cut jobs in its public cloud unit AWS, advertising, and Twitch, a live video gaming streaming platform that Amazon purchased in 2014.
It’s the second big round of layoffs at Amazon this year after the company announced 18,000 in January, with many tech and media companies cutting their staffs amid slowing growth and recession fears.
Twitch has struggled to grow and retain audiences in recent years. Its viewership has declined 6% over the past year, according to analyst Ray Wang at Constellation Research.