Amazon shed 100,000 jobs in a quarter — joining wave of tech companies trimming staff

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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.

During its quarterly earnings call Thursday, the e-commerce giant said it’s been adding jobs at the slowest rate since 2019.employees than in the previous quarter.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.

“Like all companies, we’re not immune to economic headwinds,” he said. The hiring pause is part of that slowdown, Google said, “to enable teams to prioritize their roles and hiring plans for the rest of the year.” It had nearly 164,000 employees at the end of March.said in April that it was overstaffed after ramping up during the pandemic and needed to cut back.

Amazon has been subleasing some warehouse space and paused development of facilities meant for office workers, saying it needed more time to figure out how much space employees will require for hybrid work. The company now has 1.52 million full- and part-time workers and is still the largest employer in the tech world, despite the reduction in headcount.and spending at some divisions next year to cope with a potential economic slump, according to people familiar with the matter.

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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Business Maverick: Amazon Shrinks Staff by 100,000, Joining Netflix and Google in Hiring SlowdownWith 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.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Amazon Shrinks Staff by 100,000, Joining Netflix and Google in Hiring SlowdownWith 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.
Source: dailymaverick - 🏆 3. / 84 Read more »