They’re not in heavy people expansion mode every year.
Companies that last a long time go through different phases. These changes will help us pursue our long-term opportunities with a stronger cost structure however, I’m also optimistic that we’ll be inventive, resourceful, and scrappy in this time when we’re not hiring expansively and eliminating some roles. We intend on communicating with impacted employees (or where applicable in Europe, with employee representative bodies) starting on January 18.Īmazon has weathered uncertain and difficult economies in the past, and we will continue to do so.
However, because one of our teammates leaked this information externally, we decided it was better to share this news earlier so you can hear the details directly from me. We typically wait to communicate about these outcomes until we can speak with the people who are directly impacted. We are working to support those who are affected and are providing packages that include a separation payment, transitional health insurance benefits, and external job placement support. S-team and I are deeply aware that these role eliminations are difficult for people, and we don’t take these decisions lightly or underestimate how much they might affect the lives of those who are impacted. Several teams are impacted however, the majority of role eliminations are in our Amazon Stores and PXT organizations. Between the reductions we made in November and the ones we’re sharing today, we plan to eliminate just over 18,000 roles. Today, I wanted to share the outcome of these further reviews, which is the difficult decision to eliminate additional roles. I also shared that we weren’t done with our annual planning process and that I expected there would be more role reductions in early 2023. In November, we communicated the hard decision to eliminate a number of positions across our Devices and Books businesses, and also announced a voluntary reduction offer for some employees in our People, Experience, and Technology (PXT) organization. This year’s review has been more difficult given the uncertain economy and that we’ve hired rapidly over the last several years.
The stock has gained 68.As I shared back in November, as part of our annual planning process for 2023, leaders across the company have been working with their teams and looking at their workforce levels, investments they want to make in the future, and prioritizing what matters most to customers and the long-term health of our businesses. He did write a single piece for the newspaper, about “politically correct” ads.Īmazon shares are up 0.29% during Wednesday’s trading. Jassy got his undergraduate degree from Harvard before getting his MBA from Harvard Business School, according to his LinkedIn profile.ĭuring his time in school, Jassy worked at The Harvard Crimson, the school’s daily newspaper as an advertising manager. He attended Harvard and worked for the school newspaper Perhaps not coincidentally, Bezos also announced he would be stepping down in a letter. While Jassy maintained a relatively low-profile over the years, he was still seen more often than Bezos at large Amazon events.įor example, Jassy spoke every year at Amazon’s AWS Re:Invent conference as the main keynote speaker, while Bezos preferred to give his annual address in a letter. He’s had a higher-profile role than Bezos at Amazon events Later, Jassy was added to Amazon’s famous S-team, a group of senior leadership members within the company that would meet regularly with Bezos to discuss big-picture company decisions. “I participated in all of his meetings, including his one-on-ones,” Jassy said in 2015. He shadowed Bezos and served in what was basically a chief of staff type role. Jassy left his position in marketing to become Bezos’s technical assistant in 2003.
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