By Cynthia Ezekwe
Amazon.com, Inc. an American multinational technology company is in a move to lay off over 18,000 employees to achieve workforce reduction as a result of the unforeseen effects of the unstable economy.
Andrew Jassy, the chief executing officer (CEO) of the company that focuses on e-commerce, cloud computing, online advertising, and digital streaming,in a statement, explained that the company hired rapidly during the pandemic, but needs to reduce the workforce as a result of the uncertain economy.
The ceo disclosed that some of the layoffs would take place in Europe, stating the reason behind the immediate announcement as the leakage of internal information by one of its teammates.
Jassy also said that the company understands the difficulty associated with the layoff, noting that the company does not take these decisions lightly either.
He said, “We are working to support those affected and are providing packages that include a separation payment, transitional health insurance benefits, and external job placement support.”
