Join our Waitlist for Expert Advice!

Amazon Layoffs Will Extend To Next Year, Says Andy Jassy While offering a voluntary buyout offer, the Amazon CEO also extended the support to those who are affected and also severance package for employees who leave the company

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Andy Jassy Twitter handle

The chief executive officer of Amazon Inc, Andy Jassy, on Thursday, said that the mass layoffs that began in Amazon's corporate ranks this week will extend into next.

"Our annual planning process extends into the new year, which means there will be more role reductions as leaders continue to make adjustments. Those decisions will be shared with impacted employees and organizations early in 2023," said the CEO in a letter to Amazon employees.

"I've been in this role now for about a year and a half, and without a doubt, this is the most difficult decision we've made during that time and, we've had to make some very tough calls over the past couple of years, particularly during the heart of the pandemic," Jassy wrote in the memo.

While offering a voluntary buyout offer, he also added, "We are working to support those who are affected and trying to help them find new roles on teams that have a need; and in cases where that's not possible, we are offering packages that include a separation payment, transitional health insurance benefits, and external job placement support."

As per recent reports, many corporate giants followed the layoff strategy for the efficient functioning of internal administration. Among others, Facebook parent Meta said last week that it would lay off 11,000 people which is about 13 per cent of its workforce. Also, the new Twitter CEO Elon Musk has also plans to lay off the company's workforce in half this month.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Side Hustle

At 16, She Started a Side Hustle While 'Stuck at Home.' Now It's on Track to Earn Over $3.1 Million This Year.

Evangelina Petrakis, 21, was in high school when she posted on social media for fun — then realized a business opportunity.

Business News

Remote Work Enthusiast Kevin O'Leary Does TV Appearance Wearing Suit Jacket, Tie and Pajama Bottoms

"Shark Tank" star Kevin O'Leary looks all business—until you see the wide view.

Health & Wellness

I'm a CEO, Founder and Father of 2 — Here Are 3 Practices That Help Me Maintain My Sanity.

This is a combination of active practices that I've put together over a decade of my intense entrepreneurial journey.

Growing a Business

Why 'Founder Mode' is Not a One-Size-Fits-All Solution to Leadership

The founder-driven approach can boost a business's growth, but transitioning from "founder mode" to a balanced leadership style is essential for sustained success and scaling.

Growing a Business

PR vs. Marketing — Which One Delivers Better ROI for Your Business?

PR builds trust and credibility over time, while marketing drives short-term sales through targeted campaigns, making both essential for business success, depending on goals and budget.

Business News

San Francisco's Train System Is Still Run on Floppy Disks. It May Finally Get an Upgrade.

Officials approve a $212 million plan to replace its wildly outdated train control system.