Amazon CEO confirms the lay of 18,000 employees.

Amazon confirmed it is laying off around 18,000 employees. With this decision, several teams of the company will be impacted, mainly Amazon Stores, along with People, Experience, and Technology (PXT) organizations.

CEO of Amazon said in a statement that they were not done with the annual planning process as earlier mentioned, and “I expected there would be more role reductions in early 2023”.

“We typically wait to communicate about these outcomes until we can speak with the directly impacted people. However, because one of our teammates leaked this information externally, we decided it was better to share this news earlier so you can hear the details directly from me,” said Jassy.

“We intend on communicating with impacted employees (or, where applicable in Europe, with employee representative bodies) starting on January 18,” he added.

With this lay off Amazon’s become one of the largest from a tech giant yet.

Meta last year annonuced the laid off approximately 11,000 employees, while Intel on the other hand announced that they are planning to make cuts throughout the year.

Tech giant Google is also planning to lay off a notable number of employees in early 2023.

Amazon CEO said that the company is working to support those affected and offering packages that include a separation payment, transitional health insurance benefits, and external job placement support.