18 November 2022 | Other

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.

Company MarketCheese
Period: 13.02.2026 Expectation: 1500 pips
GBPUSD temporarily recovers following BoE rate decision
06 February 2026 31
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Period: 31.07.2026 Expectation: 1000 pips
Buying ETHUSD on major dip
06 February 2026 40
Period: 31.05.2026 Expectation: 30000 pips
Investing in silver for medium term
06 February 2026 34
Brent sell
Period: 13.02.2026 Expectation: 210 pips
Brent crude stabilizes as geopolitical premium fades away
06 February 2026 27
Period: 12.02.2026 Expectation: 25000 pips
Selling ETHUSD when it bounces up to $2,250 resistance
05 February 2026 31
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Period: 31.03.2026 Expectation: 220 pips
Buy SPX starting from $6,820
05 February 2026 37
Go to forecasts