• Thu. Apr 25th, 2024

The Future of Amazon’s Physical Stores: How Job Cuts are Shaping the Company’s Evolution”.

BySamantha Nguyen

Apr 4, 2024
Amazon: Big Tech Company Lays Off Hundreds of Employees in Cloud Computing Division

Amazon, a leading technology giant, has announced job cuts that will impact hundreds of employees across its cloud computing business. The company’s focus on physical stores, such as Amazon Fresh, launched in 2020, has led to these decisions. On Tuesday, Amazon announced that it would be removing its self-checkout system, Just Walk Out, from all its stores.

The job cuts will affect several hundred roles in sales, marketing, and global services as well as a few hundred roles in its physical stores technology team. An AWS spokesperson told the BBC that these decisions are difficult but necessary as the company continues to invest and optimize resources to deliver innovation for its customers. However, Amazon also stated that it will continue to hire and grow in core areas of its business with thousands of jobs available and efforts to find internal opportunities for affected employees.

The cuts will take place worldwide at Amazon’s operations with most of the AWS roles based in Seattle. US-based employees affected by the job cuts will receive pay and benefits for at least 60 days, assistance in finding another job, access to transitional health benefits and eligibility for severance pay. As of the end of last year, Amazon had more than 1.5 million full-time and part-time employees excluding contractors and temporary personnel.

In recent years, Amazon has been investing heavily in artificial intelligence (AI) through AWS including recent investments in safety research start-up Anthropic. Other technology giants like Microsoft have also been investing heavily in AI capabilities. According to US career consultancy Challenger Gray & Christmas tech sector cut 168,032 jobs in 2023 – a 73% increase compared to 2022 indicating a growing trend of layoffs in the sector due to economic changes.

Overall, while these job cuts are difficult decisions for both Amazon and its affected employees

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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