Amazon announces 9,000 layoffs… and already adds 27,000 so far this year: the ebb reaches the e-commerce giant… and the stock market applauds

Amazon It has announced 9,000 new layoffs… and it already has 27,000 so far this year, after the 18,000 announced just over two months ago. It seems that the ebb has also reached the American giant of electronic commerce whose founder and executive president is the progressive Jeff Bezosbut it does not suffer on the stock market: the price rises 1.88% this Tuesday and accumulates an increase of 6.82% in the last five days.

Despite holding a near monopoly on digital commerce, Amazon has come to lead the list of layoffs among technology companies, surpassing Goal, parent company of Facebook, which has already led a total of 21,000 (about 25% of its workforce) in two ads. A list to which Alphabet (Google), Microsoft, salesforceIBM, SAP, Spotify, Paypal, Match Group, Snapchat, OracleDell… and where the only one that until now has not put the scissors to the template has been Manzana.

The 9,000 new layoffs will affect Amazon Web Services (AWS) -cloud computing business-, human resources, advertising and the live broadcast service Twitch. Of course, the 27,000 total only represent 1.8% of the workforce

The American e-commerce giant is not experiencing a good moment, in results it has been accumulating losses for several periods due to Rivian (an electric car manufacturer that it controls together with Ford), to which is added the failure in food, in fresh and in-person sales. It should also be remembered that his Chinese rival, Alibabamanaged to be more profitable, despite selling much less, and also does not compete with its own sellers.

“It has been a difficult decision, but we believe it is the best thing for the company in the long term,” said the CEO of Amazon, who is also a progressive Andy Jassy, in charge of managing the day-to-day, although the one who really commands and makes the final decisions is still Bezos. Likewise, he has stated that the dismissals would mainly affect Amazon Web Services (AWS) -your cloud computing business-, resources humans, advertising and the live streaming service twitch; and that it’s all because businesses have rearranged their priorities… Of course, it should be noted that the 27,000 announced layoffs that it accumulates only account for 1.8% of its total workforce, which amounted to about 1.5 million workers in 2022.

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Amazon announces 9,000 layoffs… and already adds 27,000 so far this year: the ebb reaches the e-commerce giant… and the stock market applauds