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Amazon cuts more jobs, this time in books division

Economic Times

Economic Times · 2m ago

Amazon cuts more jobs, this time in books division

Amazon has cut under 100 jobs in its books division, affecting Goodreads and Kindle units, to enhance efficiency and align with its business plan. This action is part of CEO Andy Jassy's broader strategy to reduce bureaucracy and streamline operations. The company has also recently made job cuts in its devices, services, podcast division, and communications staff. Despite these layoffs, Amazon's workforce increased by 4,000 jobs in the first quarter of this year.

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Related News

Amazon to fire hundreds working in Alexa department

Economic Times

Economic Times · 1y ago

Amazon to fire hundreds working in Alexa department

Amazon plans to cut several hundred jobs in its Alexa division, primarily in research and development, according to sources. While the exact number of job cuts is yet to be determined, this move is expected to impact temporary workers as well as full-time employees. Amazon's decision to trim its workforce in the Alexa division is likely due to a shift in prioritization within the company and a slowdown in device sales growth.

Amazon Games cuts 180 jobs

Economic Times

Economic Times · 1y ago

Amazon Games cuts 180 jobs

Amazon.com has cut approximately 180 jobs in its games division, marking the second round of layoffs in under a week. The company cited the need to focus resources on areas with the highest growth potential. The restructuring comes after a round of job cuts in the streaming music and podcast division. Amazon remains committed to developing and publishing games and is actively recruiting for other roles in the games division. This follows a previous cut of about 100 jobs in the games unit in April.

Amazon is laying off hundreds of workers in its healthcare division

Techradar

Techradar · 1y ago

Amazon is laying off hundreds of workers in its healthcare division

Amazon is reportedly cutting hundreds of jobs at its health-focused companies, One Medical and Amazon Pharmacy. This move suggests that the company may be reevaluating its strategy in the healthcare sector. Following the acquisition of One Medical in 2022 and PillPack in 2018, Amazon has been aiming to expand its presence in the healthcare industry. However, with these job cuts, it seems that Amazon's foray into medical billing and telemedicine may not be yielding the desired results. The exact number of job cuts has not been disclosed, but it is part of a larger round of job cuts happening at Amazon.

Amazon trims jobs in devices and services unit

Economic Times

Economic Times · 3m ago

Amazon trims jobs in devices and services unit

Amazon has cut around 100 jobs in its devices and services unit, including roles related to Kindle, Echo, Alexa, and Zoox self-driving cars, as part of regular business reviews and efforts to improve efficiency. The cuts are a small part of the unit, with no specific details on the divisions affected. This follows previous reductions in Alexa-related jobs and other internal teams. Amazon aims to streamline operations under CEO Andy Jassy's leadership.

Amazon hits $2 trillion in valuation on AI fervor, rate cut bets

Economic Times

Economic Times · 1y ago

Amazon hits $2 trillion in valuation on AI fervor, rate cut bets

Amazon.com Inc reached a market value of $2 trillion for the first time, making it the fifth U.S. company to achieve this milestone. The surge in the value of the e-commerce giant's stock was driven by optimism surrounding artificial intelligence and potential interest rate cuts. Amazon's shares have risen over 26% this year, fueled by the growth of its cloud services division, Amazon Web Services, and investments in AI startups. The company also unveiled custom-designed chips to cater to the growing demand for machine learning and AI applications.

Amazon freezes retail hiring budget for 2025 amid job cuts

Economic Times

Economic Times · 2m ago

Amazon freezes retail hiring budget for 2025 amid job cuts

Amazon is freezing its hiring budget for its retail division in 2025, focusing on fixed operating expenses instead of headcount targets. This change only affects corporate staff within the retail sector, not warehouse workers or Amazon Web Services employees. Despite the hiring budget freeze, Amazon will continue recruiting where necessary. The decision follows recent job cuts intended to enhance efficiency, aligning with CEO Andy Jassy's efforts to boost profitability and reduce bureaucracy.

Big Tech's efficiency obsession has continued into 2024 with thousands of layoffs

Business Insider

Business Insider · 1y ago

Big Tech's efficiency obsession has continued into 2024 with thousands of layoffs

Big Tech's obsession with efficiency continues into 2024 with further layoffs. Google parent Alphabet is reportedly reducing its workforce, as is Amazon with its Twitch division and Audible. Discord CEO also announced staff layoffs. While the number of job cuts is relatively small compared to previous years, it indicates a focus on eliminating excess and getting more out of fewer employees. This trend reflects the industry's shift to prioritize performance measures like revenue-per-employee.

Apple cuts jobs in digital services groups as priorities shift

Economic Times

Economic Times · 1y ago

Apple cuts jobs in digital services groups as priorities shift

Apple Inc. has laid off approximately 100 employees in its services group, signaling a shift in priorities for the division. The affected employees, who were part of Senior Vice President Eddy Cue's services group, were informed of the layoffs on Tuesday. The cuts were primarily in the team responsible for the Apple Books app and Apple Bookstore, reflecting a decreased emphasis on this particular service. Additionally, there were some layoffs in other services teams, although Apple News is said to remain a focus. Apple has rarely made layoffs in the past.

Tech layoffs in 2024: New Year off to a brutal start as Amazon, Google, others fire thousands

Economic Times

Economic Times · 1y ago

Tech layoffs in 2024: New Year off to a brutal start as Amazon, Google, others fire thousands

In early 2024, amid economic challenges, tech and startup layoffs continue, with 48 companies cutting 7,528 jobs by January 15. Major players like Google and Amazon plan more layoffs to manage costs. Online rental platform Frontdesk initiated 2024's first layoffs, dismissing its 200-person workforce in a swift Google call. Notable layoffs in 2024 include Google, Amazon Audible, Amazon Prime Video, Amazon’s Twitch, Discord, Unity Software, and Xerox, indicating a potentially challenging year for the tech industry following 2023's massive job cuts.

Amazon Web Services lays off hundreds of tech, sales staff: report

Economic Times

Economic Times · 1y ago

Amazon Web Services lays off hundreds of tech, sales staff: report

Amazon Web Services has reportedly laid off hundreds of employees in its physical retail technology unit, as well as in its sales, marketing, and global services division. The layoffs are said to be part of a wider reorganization under sales chief Matt Garman. Amazon and AWS have not responded to requests for comment on the reported cuts.

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