The Winter in Tech Has Been Cruel: After Meta, Twitter, This Tech Company Starts Firing Employees

As the economic downturn grows, Amazon is reducing initiatives that don’t have potential for profit. The company has halted new hiring, as per an internal memo sent out by a top exec.

Jamie Zhang, a software engineer who has worked at Amazon in the past, recently posted on LinkedIn that he had been laid off from the company.

A former employee of a company also said that the entire Robotics division had been handed pink slips. However, Business Today has not been able to confirm how many were let go out of the 3,766 employees.

A Wall Street Journal report reveals that the company has instructed staff working in some of its unprofitable units to find other jobs, because their projects might be suspended soon.

The memo pointed out that despite the hiring freeze, the company would go on to hire new employees for ‘targeted projects’. Interestingly enough, the note also said, “… and there are some targeted places where we will continue to hire people incrementally.”
The memo also read, “We will hire backfills to replace employees who move on to new opportunities, and there are some targeted places where we will continue to hire people incrementally.”
“We’re facing an unusual macro-economic environment and want to balance our hiring and investments with being thoughtful about this economy,” the note continued. “This is not the first time that we’ve faced uncertain and challenging economies in our past.”

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