• Home
  • News

    New Naira Notes Scarcity: Workers’ January Salary Hang in Banks

    FG unveils Road Map on Ageing

    Stakeholders brainstorm on improving Nigeria’s energy transition plan

    Banks Will Accept Old Notes Sfter Deadline – Emefiele Tells Reps

    Peace Corps Train Officers Ahead Of Buhari’s Assent To Bill

    Brighton beat holders Liverpool 2-1 in FA Cup

    Brighton beat holders Liverpool 2-1 in FA Cup

    Osimhen scores as Napoli defeat Roma 2-1

    Osimhen scores as Napoli defeat Roma 2-1

  • Politics
  • Security
  • Opinion
  • Sports
  • Technology
  • About Us
  • Contact Us
No Result
View All Result
9jaYarn
  • Home
  • News

    New Naira Notes Scarcity: Workers’ January Salary Hang in Banks

    FG unveils Road Map on Ageing

    Stakeholders brainstorm on improving Nigeria’s energy transition plan

    Banks Will Accept Old Notes Sfter Deadline – Emefiele Tells Reps

    Peace Corps Train Officers Ahead Of Buhari’s Assent To Bill

    Brighton beat holders Liverpool 2-1 in FA Cup

    Brighton beat holders Liverpool 2-1 in FA Cup

    Osimhen scores as Napoli defeat Roma 2-1

    Osimhen scores as Napoli defeat Roma 2-1

  • Politics
  • Security
  • Opinion
  • Sports
  • Technology
  • About Us
  • Contact Us
No Result
View All Result
9jaYarn
No Result
View All Result

Amazon to sack 18,000 workers over ‘uncertain economy’

January 6, 2023

Amazon, an American multinational technology company, says it is planning to sack over 18,000 employees from its total workforce. The figure, which is the largest number of layoffs in the company’s history, represents 1.2 percent of its 1.5 million employees across the globe. Andy Jassy, chief executive officer of Amazon, announced the development in a public staff note on Thursday.

He attributed the job cuts to the “uncertain economy” and the company’s rapid hiring over the last several years. “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 prioritising what matters most to customers and the long-term health of our businesses,” the Amazon CEO said. “This year’s review has been more difficult given the uncertain economy and that we’ve hired rapidly over the last several years. 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) organisation.

“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. “Today, I wanted to share the outcome of these further reviews, which is the difficult decision to eliminate additional roles. Between the reductions we made in November and the ones we’re sharing today, we plan to eliminate just over 18,000 roles.” Jassy said while the layoffs will be carried out across departments, it would majorly impact Amazon Stores and PXT organisations.

He added that all the affected employees will receive packages that also include 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. 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,” he explained.

According to Jassy, the announcement was not expected to be released this early but was done so after an Amazon teammate allegedly leaked the information. “We typically wait to communicate about these outcomes until we can speak with the people who are directly impacted. 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,” he said. Jassy said the company will start informing affected staff from January 18.

In November last year, multiple outlets had reported that Amazon had planned to fire around 10,000 employees. The company later confirmed the layoffs but it didn’t disclose how many employees would be affected.

cr thecableng

Share74Tweet46Send
Emem Unwana

Emem Unwana

Related Posts

International

Cameroonian Forces Capture Commander of pro-Biafran Militants in Bakassi

January 25, 2023

One of the commanders of the Biafran Nations League, Henry Edet has been captured by the Rapid d’intervention Battalion (BIR). He was apprehended early Wednesday morning in Atabong East, in the ceded Bakassi Peninsula side of the South West...

Google parent company, Alphabet sacks 12,000 workers
International

Google parent company, Alphabet sacks 12,000 workers

January 20, 2023

Google parent company, Alphabet has announced its plans to layoff 12,000 workers in 6% of its global workforce. The Chief Executive Officer (CEO), Sundar Pichai made the announcement in an email on Friday, according to the Economic Times.He said...

International

Israel to Support Nigeria with Intelligence to Tackle Terrorism

January 18, 2023

ISRAEL says it is ready to support Nigeria in the areas of Intelligence sharing, modern combat equipment and extraction of relevant information to effectively win the war against terrorism. Retired lt.-Col. Jonathan Konricus, who served in the Israel Defence...

Many killed as plane with 72 people on board crashes in Nepal
International

Many killed as plane with 72 people on board crashes in Nepal

January 15, 2023

Dozens of people have been killed after a plane with 72 people on board crashed near an airport in central Nepal. The Yeti Airlines flight from Kathmandu to the tourist town of Pokhara crashed on landing before catching fire....

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Business (68)
  • Career (32)
  • Editorial (1)
  • Entertainment (22)
  • Fashion (1)
  • Health (31)
  • Infographics (2)
  • International (17)
  • Lifestyle (25)
  • News (477)
  • Opinion (20)
  • Politics (90)
  • Security (114)
  • Sports (45)
  • Technology (18)
  • Travel (12)
  • Uncategorized (28)
  • Wazobia (1)

Popular

  • ADEBOWALE YEMI AND HIS HATCHET MAN’S JOB ON BICHI

    243 shares
    Share 97 Tweet 61
  • Anambra State Governor ‘Moves Against IPOB’, Declares Curfew in 7 LGAs

    185 shares
    Share 74 Tweet 46
  • Nigeria’s contract with Peseiro, new Super Eagles coach

    185 shares
    Share 74 Tweet 46
  • Socioeconomic Devt – Expert harps on activism hinged on discipline

    186 shares
    Share 74 Tweet 47
  • WILL AYU RESIGN AFTER THE EMERGENCE OF ATIKU ABUBAKAR AS THE PDP FLAG BEARER

    185 shares
    Share 74 Tweet 46
4
2
1
6

  • 9jayarn
  • Privacy Policy
  • Contact Us
  • About Us

© Copyright 2022 9jayarn

No Result
View All Result
  • Home
  • News
  • Politics
  • Security
  • Opinion
  • Sports
  • Technology
  • About Us
  • Contact Us