Amazon set to begin new round of layoffs affecting over 18,000 people

Amazon connected Wednesday volition statesman a caller circular of occupation cuts successful what's expected to go the largest workforce cuts successful its 28-year history.

Earlier this month, CEO Andy Jassy said the layoffs would impact much than 18,000 employees, chiefly successful its quality resources and stores divisions. It comes aft Amazon said successful November it was looking to chopped staff, including successful its devices and recruiting organizations. CNBC reported astatine the clip that the institution was looking to laic disconnected astir 10,000 employees.

Amazon is trimming its headcount aft it went connected a hiring spree during the Covid-19 pandemic. The company's planetary workforce swelled to much than 1.6 cardinal by the extremity of 2021, up from 798,000 successful the 4th fourth of 2019.

The institution is besides confronting slowing income growth, rising expenses and a worsening economical outlook. In summation to the layoffs, Amazon has implemented a hiring frost crossed its firm workforce, slowed its warehouse expansion, and shuttered immoderate experimental projects, including its telehealth work and a quirky, video-calling projector for kids.

Amazon isn't the lone tech institution making cuts to its workforce. Companies from Salesforce to Meta and Twitter person made sweeping reductions to their headcount amid a deepening economical downturn.

WATCH: Tech layoffs equine arsenic Amazon announces it's cutting different 18,000 jobs