CEO Andy Jassy has moved aggressively to cut costs across Amazon, and the company previously said it would freeze hiring in its corporate workforce.
Until now, it had managed to avoid mass layoffs by offering employees impacted by project closures the opportunity to transfer to other divisions within the company.
The job cuts represent a stark reversal for Amazon, which less than a year ago couldn't find enough workers to keep its warehouses staffed in a hot labor market and was still in the midst of a pandemic-fueled hiring spree. It nearly doubled its workforce between the end of 2019 and the end of 2021 from 798,000 employees globally to 1.6 million.
Since then, it has moved to slow headcount growth as consumers have returned to physical stores, and its retail business is no longer growing at a rapid clip as it has in recent years. Amazon CFO Brian Olsavsky last month said the company is seeing signs consumers are feeling the sting of inflation. "We are preparing for what could be a slower growth period," Olsavsky said on a call with reporters following the company's third-quarter earnings results, which included weaker-than-expected guidance for the current period.150,000 employees for the holiday shopping period, the same number of workers it said it would add last year.
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