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Amazon (AMZN) to reportedly lay off 10,000 employees ahead of holiday season

Starting this week, Amazon will allegedly begin layoffs in its corporate, technology, retail, and HR divisions to cut costs.

Image via Amazon
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Normally, the holiday season is when retail-heavy groups like Amazon (AMZN) would increase headcount to prepare for all of the holiday shopping that is expected to happen. However, with the global economy in a poor state going into the 2022 holiday season, Amazon is instead preparing to cut a large chunk of its workforce. The company is reportedly preparing to lay off 10,000 employees starting this week, one of the largest workforce cuts in the company’s history.

Details on the upcoming layoffs at Amazon were recently shared by sources familiar with the matter, as reported by The New York Times. According to reports, Amazon is scaling back its workforce, which has apparently ballooned since 2019. Amazon reported that it had around 798,000 employees at the end of 2019. However, that number grew to a reported 1.6 million part-time and full-time employees by December 2021. With this in mind, the company is set to engage in one its largest layoffs ever, including employees in devices organization, retail division, and human resources departments. The layoff will remove less than one percent of Amazon’s overall employees and about three percent of its corporate employees. The final count on layoffs is also said to be fluid.

Amazon (AMZN) stock chart as of November 14, 2022, at 10:20 p.m. PT.
Amazon's (AMZN) stock took a dip on word of layoffs at the company before bouncing back up later in the day.
Source: Google

Amazon follows suit with a number of other tech companies that have laid off a large number of employees this season. Most recently, it was Meta (formerly Facebook) that had a mass layoff, cutting around 11,000 employees from its workforce to cover major losses by the company, especially those in virtual reality research and development, which cost the company $3.67 billion USD in its Q3 2022. Twitter has also faced massive layoffs in the wake of Elon Musk taking over the platform for $44 billion USD.

Nonetheless, Amazon’s major firing as the company enters the holiday season is notable, especially in retail. Stay tuned as we continue to follow for further updates and details on this story.

Senior News Editor

TJ Denzer is a player and writer with a passion for games that has dominated a lifetime. He found his way to the Shacknews roster in late 2019 and has worked his way to Senior News Editor since. Between news coverage, he also aides notably in livestream projects like the indie game-focused Indie-licious, the Shacknews Stimulus Games, and the Shacknews Dump. You can reach him at tj.denzer@shacknews.com and also find him on Twitter @JohnnyChugs.

From The Chatty
  • reply
    November 14, 2022 10:25 AM

    TJ Denzer posted a new article, Amazon (AMZN) to reportedly lay off 10,000 employees ahead of holiday season

    • reply
      November 14, 2022 10:48 AM

      Oh man. :|

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      November 14, 2022 10:50 AM

      Fucking hell.

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      November 14, 2022 10:58 AM

      So if you are Christmas shopping on Amazon, order sooner than later.

    • reply
      November 14, 2022 11:01 AM

      holy shit.

      Also they have "a reported 1.6 million part-time and full-time employees by December 2021" which is astounding to me.

    • reply
      November 14, 2022 12:16 PM

      Amazon reportedly going to start laying off 10k employees this week

      https://www.nytimes.com/2022/11/14/technology/amazon-layoffs.html

    • reply
      November 14, 2022 12:25 PM

      I guess those rising interest rates are having the intended effect …

      Yay?

    • reply
      November 14, 2022 12:35 PM

      is this really noteworthy? 10000 people is 0.6% of their workforce. I imagine every month has about that much turn over.

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        November 14, 2022 12:37 PM

        lol dude come on, do they routinely lay off 10k people / 0.6% of their employees due to economic conditions?

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          November 14, 2022 12:42 PM

          They routinely perf manage out the bottom 5-10%, at least in tech

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            November 14, 2022 12:50 PM

            Understand that AMZN does this in particular but the broader labor market is completely shedding jobs right now, and now Amazon is doing it too — so making a statement like “is this news” seems a little short sighted- even Amazon isn’t immune to this

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            November 14, 2022 1:14 PM

            The cuts would be the most significant in Amazon’s history and continue a wave of mass firings in the tech industry.

            https://www.theverge.com/2022/11/14/23458097/amazon-layoffs-expected-10000-employees

          • reply
            November 14, 2022 1:18 PM

            That's asynchronous though and can take many months on a per-employee basis. This is much more impactful.

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        November 14, 2022 1:12 PM

        Found Elon's shacker account

      • reply
        November 14, 2022 1:15 PM

        Mixing corporate and warehouse jobs is going to give you a skewed picture of the company. This is not just regular warehouse worker turnover.

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        November 14, 2022 1:17 PM

        Does it matter? It's still a ton of people jobless in mid November

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        November 14, 2022 1:17 PM

        It's not a lot out of 1.5M but it's 10,000 people losing their jobs

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        November 14, 2022 1:21 PM

        Considering they usually do a hiring blitz for the holidays instead of laying off people.... yeah. It's noteworthy.

      • reply
        November 14, 2022 3:57 PM

        idk, how would you like to lose your job 1.5 months before the end of the year?

    • reply
      November 14, 2022 12:44 PM

      Every year a little closer.

      https://i.imgur.com/c3RLP7Q.jpg

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      November 14, 2022 1:54 PM

      I had a final interview with AWS lined up a few weeks ago and they ended up canceling it. At first I thought it was because they hired someone else but then I found out it was because the whole organization was in a hiring freeze.

      I either dodged a bullet or missed the window to get in by a week or two :|

      (Assuming I would have been given an offer in the first place, which was far from a sure thing)

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        November 14, 2022 2:17 PM

        Same.

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        November 14, 2022 2:21 PM

        You almost certainly don't want to work for Amazon, judging by everyone I know who's worked for Amazon.

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          November 14, 2022 2:25 PM

          I’ve heard the same but it if I woulda gotten an offer the pay range would have been anywhere from a 50-100% raise + a potential six figure sign on bonus + stock that, after 4 years of vesting could potentially pay off my mortgage soooo……I woulda taken it. Also having it on your resume is gold so worst case scenario i grind it out for 4-5 years and then go wherever I want after that

          But anyway none of that happened so here I am

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            November 14, 2022 2:30 PM

            After job hopping for a bit now, I'm confident I could give a shit about a 100% pay raise if I'm miserable :| I'm currently miserable.

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              November 14, 2022 2:47 PM

              My current job is chill af and 100% no stress which is why I’ve been hesitant to jump ship, but I’m underpaid and I got bills :(

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            November 14, 2022 2:34 PM

            My brother in law was pretty high up in the facilities side and I have never seen a work life balance so out of whack. He was absolutely miserable - when he later moved to Facebook it took him like 6 months to get used to not actually being on call all the time and actually having time for family and himself.

            He did indeed make a ton of money, but from what I've seen it absolutely wasn't worth it. And his compensation at two companies since then with much more realistic work expectations is higher.

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              November 14, 2022 2:46 PM

              But would he have gotten hired at those two companies afterward if not for that on his resume? I think in my case at least it would go a long way

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                November 14, 2022 2:48 PM

                It's a fair question. I'll just say I wouldn't go through what I saw.

                But it could be better in that part of the org; I can't say.

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                  November 14, 2022 2:52 PM

                  Fwiw a guy I used to work with at my current job now works at AWS and likes it, he’s the one who told me about the opening I applied for. He’s only been there since earlier this summer or so though, but he says so far so good

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                    November 14, 2022 2:58 PM

                    TBH it's a huge company with vast differences in org and team culture. Definitely some areas you wouldn't want to be, for sure.

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            November 14, 2022 5:14 PM

            "50-100% raise + a potential six figure sign on bonus + stock"

            Are you currently underpaid or is Amazon throwing a bunch of money around? That's crazy.

            • reply
              November 14, 2022 5:18 PM

              Both.

              I should probably be making 20-30% more from what I understand the market is (was??)

        • reply
          November 14, 2022 2:29 PM

          My neighbor has worked there for a decade and is happy. Great work/life balance with his two kids.

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          November 14, 2022 2:32 PM

          Two people i know who work there kind of love it. Im guessing it depends a lot on where you're working and your position. One has been able to take off months and months (over 8 months in the last 2 years!) due to medical stuff and sabbatical stuff. The other is generally just happy with it.

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            November 14, 2022 2:36 PM

            I've known people in AWS, Facilities, and a couple that did video stuff, though I don't know exactly where they fit in the org.

            I'm glad your people are happy; I don't wish bad times for anyone. But everyone I know who was there was absolutely miserable, to the point that I actively avoid their recruiters.

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        November 14, 2022 2:48 PM

        sorry dude. You'll get another shot there for sure

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        November 14, 2022 3:12 PM

        good luck for next time! also heard terrible work/life balance stories but that pay is great

        also, man, we all so old.. I remember from venger and davecrazy days that I think you were looking into being a paramedic ??

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          November 14, 2022 4:32 PM

          that was another lifetime ago lol

          I did the EMT thing for a brief bit and it was the worst job I’ve ever had by far.

          14 hour days one week on / one week off riding in the back of an ambulance transporting old people from their nursing homes to their dr appointments, sleep deprived and motion sick the entire time for barely above minimum wage pay. Nope!

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            November 14, 2022 5:08 PM

            I don't understand that kind of scheduling. It's the same here for nurses .. like 20 hour shift and then off for a day and a half and repeat.

            like .. why??

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              November 14, 2022 5:15 PM

              idk. The way they had it set up, it was one week:
              Thurs Fri sat
              Next week:
              Mon tues wed

              And they split the weeks like that to minimize the amount of overtime they’d owe you, since it was technically two 42 hour weeks instead of one 84 hour week and one zero hour week, even though in practice you were grinding 3 days on, one day off, 3 days on, one week off.

              Work started at 5:45am, ended at 7:45pm. You’d get home just in time to eat something, take a shower, and pass out. Your alarm clock goes off at 3:30am the next morning to get ready for work again.

              On the weeks off, it takes at least a day and a half or so to recover, and the day before you have to go back you’re full of dread.

              It sucked

          • reply
            November 14, 2022 5:15 PM

            Holy shit. Yeah, white collar work at AMZN sounds like a better gig than that.

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              November 14, 2022 5:22 PM

              A little bit! After the EMT job I worked in a hospital OR, the hours were better, the pay was better (but still not much more than you’d make working retail) and it was on stable ground and not in the back of an ambulance bumping around making you motion sick all day. Plus you got to see cool shit and help out w surgeries and stuff (passing instruments, holding retractor, cutting sutures — basic stuff like that but it was still cool to be involved)

              Then after a year of that I decided the whole medical thing wasn’t for me and went another direction (which also didn’t pan out and that then lead to software dev which is where I am now and shoulda been the route i took from the start, but it is what it is)

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                November 14, 2022 5:32 PM

                Welp, I wish you luck in your pursuit of AMZN. Compared to what you've already gone through, I can see it still being stressful, but a different kind of stress and maybe not one that'll affect you if you've already managed to land a position there.

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                  November 14, 2022 5:35 PM

                  Thanks! I have a good job currently, so at least I have the luxury of not needing it, but it would definitely help me break in to that “next level” of life in general.

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                    November 14, 2022 6:11 PM

                    I'm in a similar boat, except I definitely don't have the perspective of your EMT-to-dev experience. I'd still like to get to the next level, too, but I also recognize I have it pretty good rn all things considered.

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