Curated Content | Thought Leadership | Technology News

Report: Amazon To Reduce Headcount By 10,000 Employees

Yet tech industry overall employment gains now extends to 21 consecutive months
TNCR Staff

In what would represent the largest reduction of staff in the company’s storied history, Amazon (AMZN) is expected to reduce company headcount by 10,000, according to a report in The New York Times.

Previously reported as a pause in new hiring for the company, CEO Andy Jassy has moved to accelerate cost-cutting across the e-commerce giant.

With similar reductions planned in several of tech’s business players including Meta, Stripe, and Twitter, tech workforce tracking website Layoffs.fyi reports that over 120,000 tech workers have been fired in 2022.

While many expect this trend to continue as a result of current economic factors, some would argue these staff cuts are limited to more of the high-flying and headline grabbing organizations. In fact, CompTIA’s analysis of the U.S. Bureau of Labor Statistics – Employment Situation report reveals that overall industry employment has increased by 175,700 jobs in 2022 and is tracking 46% ahead of last year and 92% ahead of 2019.

×
You have free article(s) left this month courtesy of CIO Partners.

Enter your username and password to access premium features.

Don’t have an account? Join the community.

Would You Like To Save Articles?

Enter your username and password to access premium features.

Don’t have an account? Join the community.

Register for Unlimited Access

Already a member?

Digital Monthly

$12.00/ month

Billed Monthly

Digital Annual

$10.00/ month

Billed Annually

Would You Like To Save Books?

Enter your username and password to access premium features.

Don’t have an account? Join the community.

Log In To Access Premium Features

Sign Up For A Free Account

Please enable JavaScript in your browser to complete this form.
Name