Amazon will lay off more employees than expected: more than 18,000

By Jordan Novet —

Amazon said Wednesday that it will cut more than 18,000 jobs, a larger number than the e-retailer initially said it would.

The Wall Street Journal newspaper reported earlier on the cuts, with the company noting that the outlet was ahead of its announcement.

“We typically wait to communicate these results until we can speak to the people directly affected,” CEO Andy Jassy wrote in a note to employees the company posted on its blog.

“However, because

externally, we decided it was better to share this news earlier so that you can hear the details directly from me,” he added.

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Tech companies in 2023 pick up where they left off last year, bracing for a prolonged economic downturn.

Salesforce announced Wednesday that it will reduce its workforce by 10%, which will affect more than 7,000 employees.

Both Amazon and Salesforce have admitted that they

Specifically, Amazon acknowledged that it had hired too many warehouse workers as consumers shifted to online ordering.

The company employed 1.54 million people at the end of the third quarter.

In November, Jassy said Amazon would cut positions, including in its brick-and-mortar stores and in its device and book divisions.

CNBC then reported that Amazon intended to lay off some 10,000 employees.

The number now is higher.

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“Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so,” Jassy wrote.

“These changes will help us pursue our long-term opportunities with a stronger cost structure;

however, I am also optimistic that we will be inventive, resourceful and elusive in this time when we are not hiring expansively and eliminating some roles,” she added.

Amazon plans to inform employees that they will lose their jobs starting

Jassy wrote, noting that most of the cuts will come in stores and in the People, Experience and Technology (PXT) groups.