Amazon, Google CEOs ‘hint’ at more layoffs amid economic meltdown

As tech layoffs proceed unabated in 2023, Amazon and Google CEOs have hinted at extra layoffs as the businesses proceed to guage business.

In a letter to firm shareholders, Amazon CEO Andy Jassy stated that they reprioritised the place to spend sources, which finally led to the onerous determination to get rid of 27,000 company roles.

“There are a number of other changes that we’ve made over the last several months to streamline our overall costs, and like most leadership teams, we’ll continue to evaluate what we’re seeing in our business and proceed adaptively,” the Amazon CEO wrote.

Jassy stated that the corporate needed to conduct a radical evaluation of every business and invention inside the firm to find out whether or not they had sturdy potential to generate income, working revenue, free money move, and return on invested capital in the long term.

Meanwhile, Pichai stated that the corporate is “literally looking at every aspect of what we do” in an effort to re-engineer its price base completely.

In a current interview with Wall Street Journal, the Alphabet and Google CEO stated: “We are trying to accomplish that across many different ways. We’re literally looking at every aspect of what we do, and as we said on our last earnings call, we’re thinking about how to re-engineer our cost base in a durable way.”

“We are definitely being focused on creating durable savings. We are pleased with the progress, but there’s more work left to do,” he was quoted as saying.Google had in January laid off 12,000 staff in its first spherical of layoffs.

“We’ve decided to reduce our workforce by approximately 12,000 roles. We’ve already sent a separate email to employees in the US who are affected. In other countries, this process will take longer due to local laws and practices,” Pichai had stated in an announcement.

Amazon initially eradicated 18,000 positions in January, saying that as “we completed the second phase of our planning this month, it led us to these additional 9,000 role reductions”.

In March, the e-commerce large introduced to put off one other 9,000 staff in Amazon Web Services (AWS), Twitch, promoting, and HR.

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