Amazon's layoffs continue, and even its leadership is not immune

Amazon could lay off as many as 20,000 employees in the near future. As Amazon's layoff list continues to grow, even some of its most senior employees are set to be let go .

Amazon will continue to lay off employees in the coming months, according to people familiar with the matter . Employees at all levels may be affected. The New York Times initially revealed that Amazon plans to lay off employees in mid-November, and sources said that up to 10,000 employees will be laid off.

According to a recent source, that number has now climbed and Amazon may lay off about 20,000 employees.

Amazon has already issued an internal announcement stating that affected employees will receive 24-hour notice and severance pay. An employee who learned of the layoff notice said that the company is now very anxious about the news .

“There are layoffs across the company , no specific department or position . According to the information provided to us, this is due to over-hiring during the pandemic and necessary cost reductions as the financial situation of the business has been trending downwards .

Amazon CEO recently said that the layoff process will take several months and that affected employees will be notified once the business review is complete, so the number of layoffs may increase after all departments are reviewed .

We don’t know how many additional roles will be impacted, but leadership will communicate with their teams as soon as they know , and , as has been the case this week, will prioritize communication with impacted employees over direct internal or external statements .

While Amazon said technology spending would increase over the coming year , that wasn’t enough to allay concerns within the computer industry , particularly those with large consumer retail businesses, with many software companies announcing layoffs in the past few months .

Even Amazon's most profitable Web Services division (AWS) has shown signs of slowing growth since the beginning of this fiscal year. AWS revenue grew 27.5% year-over-year in the third quarter of this year , compared with year-over-year growth of 33% and 36.5% in the previous two quarters.

Amazon Chief Financial Officer Brian Olsavsky explained the slowdown in its third-quarter earnings call, noting that macroeconomic factors were forcing customers to make short-term cost cuts.

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