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Business Maverick: Amazon Shrinks Staff by 100,000, Joining Netflix and Google in Hiring Slowdown

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With recession fears mounting—and inflation, the war in Ukraine and the lingering pandemic taking a toll—many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and making rounds of layoffs.

Amazon.com Inc. was one of the latest company to discuss its belt-tightening efforts this week. During its quarterly earnings call Thursday, the e-commerce giant said it’s been adding jobs at the slowest rate since 2019. After relying on attrition to winnow its staff, Amazon now hasAlphabet Inc.this month that—although the business added 10,000 Googlers in the second quarter—it will be slowing the pace of hiring for the rest of the year and prioritizing engineering and technical talent.

and spending at some divisions next year to cope with a potential economic slump, according to people familiar with the matter. But it’s not a companywide policy, and the iPhone maker is still moving forward with an aggressive product-release schedule. Apple had 154,000 employees in September, when its last fiscal year ended., an online used car retailer, laid off 2,500 people in May, about 12% of its workforce.

with the Securities and Exchange Commission. The company had more than 21,000 full-time and part-time employees at the end of last year.

 

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