Giant retailer Amazon announced on Wednesday it was cutting 18,000 jobs, as part of a previously announced layoff wave.
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The company's Chief Executive Andy Jassy said in a public staff note that annual planning "has been more difficult given the uncertain economy and that we've hired rapidly over the last several years."
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The 18,000 layoffs include both the recent ones and the ones previously announced in November. They will mostly impact the company's e-commerce services such as Amazon Fresh and Amazon Go, as well as the human resources organizations.
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Amazon has over 1.5 million employees, making it the second largest private employer in the US, after Walmart.
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The cuts, rolling since November last year, are considered the biggest in the company since it launched in 1994.
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As many strong economies flirted with recession and battled unusually high inflation in 2022, several tech companies struggled to sustain their businesses.
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That contrasts a surge in revenues they achieved during the pandemic.
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The social media giant Meta, which runs Facebook, Instagram and Whatsapp, announced in November last year that it was laying off 13% of its workforce.
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However, the Reuters news agency suggested that Amazon's job cuts surpassed that of other tech giants, Meta included.
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Analysts see the cuts as the end of a so-called tech boom which has reigned over the last decade.
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rmt/jsi (AP, Reuters)
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