Will Amazon layoffs spill into 2023?

The Company’s annual review process will extend to next year and may involve further reduction of headcount according to the CEO of the Company

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According to a note sent by Andy Jassy, CEO, Amazon, to the employees, it has been mentioned that Amazon will continue to reduce headcount across divisions as the annual review process continues and extends into 2023.

While many in the devices and books businesses were asked to leave on 16 November, others have been offered a voluntary buyout.

Amazon has been exercising cost-cutting measures for some time now. Through its year review process, it has been trying to identify areas where it can reduce expenditure. The task became even more challenging given the economic downturn and considering the huge number of people the Company hired over the past couple of years.

In California, Amazon is set to trim its workforce by about 260 corporate employees. As the annual review process continues into 2023, more people will have to leave to take care of redundancy.

The process of job cuts already began in the US earlier this week.

With adjustments being made across departments and teams, it has become clear that some roles will become redundant.

Details of the severance terms and packages are yet to be made public.

The Company has over 1.5 million people in its global workforce. And managers have started conveying to many of their team members that they should look for alternative employment in two months’ time.

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