Amazon Lays of 500 Employees

Amazon has laid off around 500 employees in India across various departments, including Web Services, Human Resources, and Support. The layoffs are part of the broader downsizing announced by CEO Andy Jassy in March, which is expected to affect approximately 9,000 employees. These job cuts come as several large tech companies, including Meta and Google, are reducing their workforce. In March, Amazon had revealed plans to cut around 9,000 jobs from its cloud services, advertising, and Twitch units due to recession fears.

CEO Andy Jassy explained in a memo that the company had added a significant number of staff in recent years but had to make cost and headcount cuts due to the uncertain economy. He emphasized the need to streamline costs and headcount in light of the economic challenges. The layoffs were not announced together with the previous round of job reductions due to ongoing analyses by different teams. Amazon chose to share the decisions as soon as they were made to provide employees with the information they needed.

In addition to Amazon, Vodafone, the telecom company, announced plans to cut 11,000 jobs over three years. The job cuts will impact the company's UK headquarters and operations in other countries. Vodafone aims to simplify its organization and eliminate complexity to regain its competitiveness after years of poor performance.

Key takeaways:

• Amazon has laid off approximately 500 employees in India across different departments.
• The layoffs are part of the broader downsizing announced by CEO Andy Jassy, affecting around 9,000 employees.
• The job cuts come as several large tech companies, including Meta and Google, are reducing their workforce.
• In March, Amazon revealed plans to cut around 9,000 jobs due to recession fears.
• Vodafone also announced plans to cut 11,000 jobs over three years to revive its fortunes.