Amazon has been reducing costs across a number of its business operations.
The workforces of other tech companies have also been reduced.
Last week, Facebook's parent company Meta announced that it would let 11,000 employees go.

According to CEO Andy Jassy, the massive layoffs at Amazon that started this week will continue into the following year. Jassy claimed that the corporation informed workers in its gadgets and books divisions about layoffs on Wednesday in a message distributed to staff members. He claimed that it also made a voluntary buyout offer to a few other employees.

In the memo, Jassy stated, 'I've been in this position for almost a year and a half now, and without a question, this is the most difficult choice we've made during that period (and, we've had to make some very harsh choices over the previous two of years, notably during the core of the pandemic).'

Amazon, based in Seattle, has been reducing expenses in a number of areas of its business over the past few months. It is currently doing an annual evaluation to identify potential areas for additional cost savings. Jassy asserted that this year's review is 'particularly tough' as a result of the present economic situation and the company's aggressive hiring during the previous four years.

Other tech firms, many of which had engaged in hiring binges over the previous few years, have also started to cut back on staff amid concerns about an economic slowdown. Facebook's parent company Meta, among others, announced this week that it will fire 11,000 employees, or around 13 percent of its staff.

Elon Musk, Twitter's new CEO, also reduced the workforce by half this month. On Tuesday, Amazon notified the Californian government that it will lay off about 260 corporate workers at several locations across the states.

The company has not publicly disclosed how many employees it let go this week throughout its whole corporate workforce, despite some headquartered in Seattle reporting that they, too, had been let go. Jassy claims that the company has not determined how many extra positions will be affected.

According to him, some divisions may experience reductions when the company conducts its annual review process, which will stretch into the following year. In considering job cuts, he stated that corporate management will give top priority to what the customers and the company's long-term viability need.