Amazon Is Set for New Round of Job Cuts Affecting 18,000 People

Bloomberg2023-01-18

Latest layoffs will fall on retail division, human resourcesCuts represent 6% of Amazon’s 350,000 corporate employeesAmazon.com Inc., grappling with slowing online sales growth and bracing for a ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Jasminephyo
2023-01-23
Jasminephyo
Ok
BlitzBison
2023-01-19
BlitzBison
Ok
JQC
2023-01-18
JQC
😭
Karen333
2023-01-18
Karen333
I think this is a positive. The company has moved away from the Jeff Bezos transformational era where the focus was on growth and innovation and domination of market share. It now needs to trim its fat now that it has firmly established itself as the world leader in this space. New CEO should now focus onleveraging the economies of scale its competitive position provides it. Once it dies this And if executed correctly, the world will see a global retailer and Company that has been seen before.
- Shot:
  ok
- Kc888:
  Ok
- JHT:
  [smile]
- Boo2020:
  k
- Rocket Chief:
  Oh
D1234
2023-01-18
D1234
a piece of bad news for the affected workers. However, good for company in long term planning. Ultimate benefit investors.
Fiona888
2023-01-18
Fiona888
Yes
- Fiona888:
  k

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1164174908?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-01-18 16:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1164174908","market":"us","top_or_hot":-1,"title":"Amazon Is Set for New Round of Job Cuts Affecting 18,000 People","media":"Bloomberg","content":"<div>\n<p>Latest layoffs will fall on retail division, human resourcesCuts represent 6% of Amazon’s 350,000 corporate employeesAmazon.com Inc., grappling with slowing online sales growth and bracing for a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-18/amazon-is-set-for-new-round-of-job-cuts-affecting-18-000-people?srnd=technology-vp\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Is Set for New Round of Job Cuts Affecting 18,000 People</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Is Set for New Round of Job Cuts Affecting 18,000 People\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-18 16:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-18/amazon-is-set-for-new-round-of-job-cuts-affecting-18-000-people?srnd=technology-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Latest layoffs will fall on retail division, human resourcesCuts represent 6% of Amazon’s 350,000 corporate employeesAmazon.com Inc., grappling with slowing online sales growth and bracing for a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-18/amazon-is-set-for-new-round-of-job-cuts-affecting-18-000-people?srnd=technology-vp\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMZN","symbol_name":"亚马逊","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2023-01-18/amazon-is-set-for-new-round-of-job-cuts-affecting-18-000-people?srnd=technology-vp","article_id":"1164174908","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1164174908","pubTimestamp":1674029585,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Latest layoffs will fall on retail division, human resourcesCuts represent 6% of Amazon’s 350,000 co","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMZN":"亚马逊"},"translate_title":"亚马逊将迎来影响18,000人的新一轮裁员","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMZN":0.9},"content_text":"Latest layoffs will fall on retail division, human resourcesCuts represent 6% of Amazon’s 350,000 corporate employeesAmazon.com Inc., grappling with slowing online sales growth and bracing for a possible recession, is poised to kick off a new round of deep job cuts.The company announced earlier this month that it was laying off more than 18,000 employees among its corporate ranks — the largest job cull in its history.The eliminations started last year and initially fell hardest on Amazon’s Devices and Services group, which builds the Alexa digital assistant and Echo smart speakers. The latest round, scheduled to commence Wednesday, will mostly affect the retail division and human resources.While the cuts represent only about 1% of the total workforce, which includes hundreds of thousands of hourly warehouse and delivery personnel, they amount to about 6% of Amazon’s 350,000 corporate employees around the globe.“Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so,” Chief Executive Officer Andy Jassy said earlier this month in a memo to employees. “These changes will help us pursue our long-term opportunities with a stronger cost structure.”Amazon’s Seattle headquarters Source: BloombergThe world’s largest online retailer spent much of last year adjusting to a sharp slowdown in e-commerce growth as shoppers returned to pre-pandemic habits. Amazon delayed warehouse openings and halted hiring in its retail group. It broadened the freeze to the company’s corporate staff and then began making cuts.Amazon is among several large tech companies that are trimming their ranks, including Cisco Systems Inc., Intel Corp., Meta Platforms Inc., Qualcomm Inc. and Salesforce Inc.In his memo, Jassy said the Seattle-based company would provide severance, transitional health benefits and job placement to affected workers.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9952317240,"gmtCreate":1674455230380,"gmtModify":1676538941078,"author":{"id":"3585306064379170","authorId":"3585306064379170","name":"Jasminephyo","avatar":"https://static.tigerbbs.com/81aad6a5797d9f136f0438609cb372a5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585306064379170","authorIdStr":"3585306064379170"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952317240","repostId":1164174908,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956568751,"gmtCreate":1674059985473,"gmtModify":1676538921506,"author":{"id":"4096589756885460","authorId":"4096589756885460","name":"BlitzBison","avatar":"https://community-static.tradeup.com/news/2c711017cde68be46bd029006fcefb6c","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"4096589756885460","authorIdStr":"4096589756885460"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956568751","repostId":1164174908,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956590105,"gmtCreate":1674045100107,"gmtModify":1676538919492,"author":{"id":"4106387998711340","authorId":"4106387998711340","name":"JQC","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4106387998711340","authorIdStr":"4106387998711340"},"htmlText":"😭","listText":"😭","text":"😭","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956590105","repostId":1164174908,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956270562,"gmtCreate":1674033695457,"gmtModify":1676538918415,"author":{"id":"4106699629777400","authorId":"4106699629777400","name":"Karen333","avatar":"https://community-static.tradeup.com/news/5a24d4a63169cc05795b5cf99d8bb3bc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4106699629777400","authorIdStr":"4106699629777400"},"htmlText":"I think this is a positive. The company has moved away from the Jeff Bezos transformational era where the focus was on growth and innovation and domination of market share. It&nbsp;now needs to trim its fat now that it has firmly established itself as the world leader in this space. New CEO should now focus onleveraging the economies of scale its competitive position provides it. Once it dies this And if executed correctly, the world will see a global retailer and&nbsp;Company that has been&nbsp;seen before.&nbsp;","listText":"I think this is a positive. The company has moved away from the Jeff Bezos transformational era where the focus was on growth and innovation and domination of market share. It&nbsp;now needs to trim its fat now that it has firmly established itself as the world leader in this space. New CEO should now focus onleveraging the economies of scale its competitive position provides it. Once it dies this And if executed correctly, the world will see a global retailer and&nbsp;Company that has been&nbsp;seen before.&nbsp;","text":"I think this is a positive. The company has moved away from the Jeff Bezos transformational era where the focus was on growth and innovation and domination of market share. It now needs to trim its fat now that it has firmly established itself as the world leader in this space. New CEO should now focus onleveraging the economies of scale its competitive position provides it. Once it dies this And if executed correctly, the world will see a global retailer and Company that has been seen before.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":9,"repostSize":0,"link":"https://ttm.financial/post/9956270562","repostId":1164174908,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105598820,"gmtCreate":1674034478820,"gmtModify":1674034491702,"authorId":4105783656507550,"author":{"id":4105783656507550,"idStr":"4105783656507550","authorId":4105783656507550,"name":"Shot","avatar":"https://community-static.tradeup.com/news/3bf75a96475b9f4c635e978fbb44e2a6","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.03.23","exceedPercentage":"60.72%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956270562,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":105598814,"gmtCreate":1674034433504,"gmtModify":1674034446702,"authorId":4088208437016150,"author":{"id":4088208437016150,"idStr":"4088208437016150","authorId":4088208437016150,"name":"Kc888","avatar":"https://static.tigerbbs.com/9775a7cdeae2036e11531351109b88a6","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.29","exceedPercentage":"80.11%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956270562,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"},{"id":105598806,"gmtCreate":1674034393838,"gmtModify":1674034407205,"authorId":4093180452807000,"author":{"id":4093180452807000,"idStr":"4093180452807000","authorId":4093180452807000,"name":"JHT","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956270562,"type":1,"supId":0,"prevId":0,"content":"[smile]","text":"[smile]","html":"[smile]"},{"id":105598797,"gmtCreate":1674034343826,"gmtModify":1674034357141,"authorId":3572316669494636,"author":{"id":3572316669494636,"idStr":"3572316669494636","authorId":3572316669494636,"name":"Boo2020","avatar":"https://static.tigerbbs.com/b9140860aa799166f7ff2aef054c4197","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956270562,"type":1,"supId":0,"prevId":0,"content":"<u>k</u>","text":"<u>k</u>","html":"<u>k</u>"},{"id":105598794,"gmtCreate":1674034332262,"gmtModify":1674034342142,"authorId":4094359267150770,"author":{"id":4094359267150770,"idStr":"4094359267150770","authorId":4094359267150770,"name":"Rocket Chief","avatar":"https://static.tigerbbs.com/c457d26d4fbd8edf4a96a72c7be1b1b7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956270562,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Oh</span>","text":"<span class=\"s1\">Oh</span>","html":"<span class=\"s1\">Oh</span>"}],"langContent":"EN"},{"id":9956242705,"gmtCreate":1674031714108,"gmtModify":1676538918205,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"htmlText":"a piece of bad news for the affected workers. However, good for company in long term planning. Ultimate benefit investors.&nbsp;","listText":"a piece of bad news for the affected workers. However, good for company in long term planning. Ultimate benefit investors.&nbsp;","text":"a piece of bad news for the affected workers. However, good for company in long term planning. Ultimate benefit investors.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956242705","repostId":1164174908,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956248959,"gmtCreate":1674030433672,"gmtModify":1676538918045,"author":{"id":"3581675432544786","authorId":"3581675432544786","name":"Fiona888","avatar":"https://static.tigerbbs.com/42688ec73bb74970876cdb05131f23f7","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"idStr":"3581675432544786","authorIdStr":"3581675432544786"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9956248959","repostId":1164174908,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105598406,"gmtCreate":1674030440909,"gmtModify":1674030481042,"authorId":3581675432544786,"author":{"id":3581675432544786,"idStr":"3581675432544786","authorId":3581675432544786,"name":"Fiona888","avatar":"https://static.tigerbbs.com/42688ec73bb74970876cdb05131f23f7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956248959,"type":1,"supId":0,"prevId":0,"content":"<u>k</u>","text":"<u>k</u>","html":"<u>k</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":34,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1164174908"}