Amazon, staff cuts confirmed: they will affect 18,000 jobs


The redundancies will be almost double the 10 thousand initially foreseen. “We work to support those affected by offering packages that include a payment, health benefits and support” to find a job, reads the email sent by CEO Andy Jassy, ​​who adds: “Amazon has navigated an economy uncertain and difficult in the past and will continue to do so. These changes will help us pursue long-term opportunities with a stronger cost structure.”

Amazon confirms the severe personnel cuts, which will affect a total of 18,000 jobs, almost double the 10,000 initially planned. “We work to support those affected by offering packages that include payment, health benefits and support” to find a job, Chief Executive Officer Andy Jassy read in the email. Jassy then notes how “Amazon has navigated an uncertain and difficult economy in the past and will continue to do so. These changes will help us pursue long-term opportunities with a stronger cost structure.”

Big Tech’s annus horribilis

In 2022, a wave of losses swept all the major tech scrooges in Silicon Valley which, cumulatively, saw $433 billion go up in smoke, more than double Greece’s GDP (214.87 billion in 2021 according to data from the Bank World). Elon Musk is paying the highest price for 2022, the year that saw him as a protagonist from many points of view and primarily with the acquisition of Twitter. The Tesla patron saw 132 billion go up in smoke but is still worth 139. Musk is weighed down by the collapse of the electric car giant, which burned over 70% on the stock exchange. Heavy losses also for Jeff Bezos: the founder of Amazon burns 84.1 billion with the drop of almost 50% of the shares of the retail sales giant. It doesn’t get better, bring back the Washington Post, to Mark Zuckerberg. The patron of Meta, criticized by many for his bets on the metaverse, realizes 80.7 billion losses even though, with a fortune of 44.8 billion, he is worth more than Iceland’s GDP. Even the two founders of Google: Larry Page and Sergey Brin are more “poor” and have lost a total of almost 88 billion (44.8 billion Page and 43.4 billion Brin) and are now worth just over 80 billion each. Bill Gates, on the other hand, lost 28.7 billion and his fortune is now 109 billion. Also affected by Microsoft’s decline on Wall Street is Steve Ballmer, the former CEO of Redmond and owner of the Los Angeles Clippers. Ballmer has in fact burned 20 billion of wealth. Contain the losses Larry Ellison, the co-founder of Oracle, and Michael Dell of Dell Technologies, who lost 16 and 7 billion respectively.



Source-tg24.sky.it