Amazon (NASDAQ: AMZN) has announced that it will be eliminating over 18,000 jobs globally due to uncertain economic conditions. According to a source, this decision will impact around 1,000 employees in India, representing about 1% of Amazon’s total staff in the country, which is estimated to be around 100,000 people.
Amazon CEO Andy Jassy explained in a blog post that the majority of the job eliminations will be in the company’s Amazon Stores and PXT organizations. This move follows a voluntary reduction offer for some employees in the people, experience, and technology (PXT) organization that was announced in November, as well as the elimination of positions across Amazon’s devices and books businesses.
As of December 31, 2021, Amazon employed approximately 160,800 full-time and part-time staff. The company’s decision to eliminate these 18,000 job roles will likely have a significant impact on its global workforce, which has been impacted by the challenges posed by the ongoing COVID-19 pandemic. Many businesses have had to adapt to changing market conditions and consumer behavior, and Amazon’s move to reduce its workforce is a reflection of the uncertainty that continues to plague the global economy.
Despite the challenges that it has faced, Amazon has remained one of the most successful and innovative companies in the world, consistently expanding its operations and introducing new products and services. However, the company has also faced criticism for its business practices and treatment of employees, and the decision to eliminate these 18,000 jobs is likely to fuel further scrutiny of the company’s operations.
Overall, Amazon’s decision to eliminate over 18,000 jobs globally is a reflection of the ongoing uncertainty that continues to plague the global economy, and the challenges that businesses of all sizes are facing as they navigate the ongoing recession. It remains to be seen how this move will impact the company’s operations and workforce in the coming months and years, and whether it will be able to maintain its position as a leader in the global e-commerce and retail space.
