Amazon CEO announces that job cuts will continue in the following year

On Thursday, Andy Jassy, current Chief Executive Officer at Amazon.com Inc., announced that the commerce giant is adjusting to new economic conditions, therefore, it will continue to reduce jobs in 2023.

In his announcement, Jassy outlined that Amazon’s senior management conducts motivational work with its teams, trying to prioritize what will be important to the company’s customers, as well as its successful and long-term functioning. 

Jassy has been searching for a way to cut Amazon’s expenses in the face of a slowdown in revenue growth in several areas of business. For this reason, the process of hiring employees for some jobs was stopped and a range of small and experimental programs was shut down. The holiday quarter of this financial year is expected to show the poorest revenue growth over the recent time.