Amazon set to fire 20,000 employees, including top managers
Comment of the Day

December 06 2022

Commentary by Eoin Treacy

Amazon set to fire 20,000 employees, including top managers

This article from wionews.com may be of interest. Here is a section:

CEO Andy Jassy had earlier hinted about the layoff, however, he had not clearly specified the number of employees to be laid off. The New York Times had, in November, reported that the company was considering laying off employees.

However, a recent report now claims that the number of employees likely to be fired has now increased to 20,000 and that people at all levels are likely to be fired by the company. Recently, Amazon’s CEO announced that they would continue the process of a layoff and that the employees who will be impacted will be informed after everything is assessed by the company.

Eoin Treacy's view

Amazon is a low margin business. The company just about breaks even on the high volume online marketplace it is synonymous with. Profits are raised first from the Web Services division and more recently from advertising. In boosting advertising and pay-to-play models, the company has taken the bet that convenience trumps quality assurance. It’s not clear that was the right move.

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