Amazon has joined the list of IT giants that have put their hiring plans on hold. The online company will continue to replace leaving staff and recruit new personnel in “selected regions,” according to Galetti, but there will be no big growth in the foreseeable future.
Amazon, like other corporations, ascribed their decision to an “unusual macroeconomic situation.” To put it another way, the company does not want to spend too much money expanding its employees during these challenging economic times. Galetti noted that Amazon still intends to recruit a “significant number” of corporate personnel in 2023, but that the online retailer will monitor the economy and modify as necessary.
Amazon did not respond further. It recruited aggressively during the epidemic to keep up with an increase in online sales, but it ran into problems this year owing to a return to in-person shopping as well as increasing expenditures. During the second quarter (April through June), the corporation lost $2 billion and laid off 99,000 people, many of whom were warehouse employees. It also postponed the opening of other facilities. It temporarily paused corporate hiring for its retail operations in early October.
The stop comes only weeks after Meta allegedly halted all recruiting, and months after Apple, Google, and NVIDIA curtailed their chases. Some firms are making more layoffs – Lyft just disclosed that it is laying off 700 employees, or around 13% of its staff, after firing off 60 in July.