Amazon Is Changing

#1 · October 14, 2022, 12:58 PM

Amazon Now Employs 1.1 Million People - The Power of Symphonic Innovation - Tekedia

This is how Amazon is changing under the new CEO Andy Jassy: "Growth-hungry Amazon seems to have entered a more frugal era under CEO Andy Jassy, who took over from founder Jeff Bezos in 2021. Jassy "has been in cost-cutting mode" as sales and the economy at large stumble, CNBC writes. He's instituted a hiring freeze; closed or canceled new warehouses; and made numerous other money-saving moves. The most recent: Shutting down a warehouse robotics team called ORCA and a virtual-travel platform, Explore, just days after pulling the plug on tests of Amazon's Scout delivery bots. But Amazon hasn't lost its appetite for acquisitions. It bought Roomba-maker iRobot for US$1.7 billion in August, just weeks after snapping up One Medical for US$3.9 billion."

#2 · January 4, 2023, 10:37 PM

I head about that

#3 · January 5, 2023, 9:10 AM

They are going to fire 18,000 more people:

Register for Tekedia Mini-MBA edition 19 (Feb 9 – May 2, 2026): big discounts for early bird.

Tekedia AI in Business Masterclass opens registrations.

Join Tekedia Capital Syndicate and co-invest in great global startups.

Register for Tekedia AI Lab: From Technical Design to Deployment (next edition begins Jan 24 2026).

Amazon will let go of more employees than it initially expected, CEO Andy Jassy announced Wednesday in a blog post. While roughly 10,000 cuts were estimated in November, over 18,000 workers are likely to be impacted, most within Amazon Stores and the People Experience and Technology Solutions team. Amazon saw tremendous growth during the pandemic, forcing it to hire hundreds of thousands of people to meet demand. However, the demand has since fizzled and paired with a gloomy economic outlook, the company launched a "broad cost-cutting review" last year.

Tekedia Forum

Amazon Is Changing

Share this:

Like this: