Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on Monday.
The job cuts would mark the second largest round of layoffs in the company’s history, adding to the 18,000 employees the tech giant said it would lay off in January. The company’s workforce doubled during the pandemic, however, in the midst of a hiring surge across almost the entire tech sector.
Tech companies have announced tens of thousands of job cuts this year.
In the memo, Jassy said the second phase of the company’s annual planning process completed this month led to the additional job cuts. He said Amazon will still hire in some strategic areas.
The job cuts announced Monday will hit profitable areas for the company including its cloud computing unit AWS and its burgeoning advertising business. Twitch, the gaming platform Amazon owns, will also see some layoffs as well as Amazon’s PXT organizations, which handle human resources and other functions.
Gas prices down on lower oil costs
Massachusetts gas prices have nudged lower, dropping two cents in the most recent survey to $3.27 a gallon, a full 17 cents below the national average.
“The global oil price has plunged to around $65 per barrel, a level not seen since December of 2021. Given that the cost of oil accounts for 55% of what we pay for gas, it’s not surprising to see prices drop at the pump,” said Mary Maguire, AAA Northeast Vice President of Public and Government Affairs.
The price of gas in the state is 7 cents lower than a month ago and a dollar cheaper than a year ago, when gas in Massachusetts was running $4.27 a gallon.
As reported by Boston Herald
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Author: Amnon Jakony |
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