Amazon Laying Off Another 9,000 Workers and Meta Laying of 10,000 Won’t Drive Efficiency

No, Zuckerberg…layoffs are NOT good for business!

In case you missed the announcement that Amazon CEO Andy Jassy made today — Amazon is having another massive layoff.

The announced cuts are on top of the previously announced layoffs that began during the fall of 2022. The last round of layoffs totaled more than 18,000 workers.

This latest round of layoffs is a decision made in an attempt to streamline costs.

According to Jassy, they had to take the current economic outlook into account, and plan for “uncertainty that exists in the near future”.

“The overriding tenet of our annual planning this year was to be leaner while doing so in a way that enables us to still invest robustly in the key long-term customer experiences that we believe can meaningfully improve customers’ lives and Amazon as a whole,” Jassy said.

The latest round will primarily impact Amazon’s cloud computing, hr, advertising, and Twitch live-streaming businesses.

For those keeping scores at home, Amazon is undergoing the largest layoffs in company history after it went on a hiring spree during the COVID pandemic.