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Amazon’s cloud computing division is laying off hundreds of employees in its physical stores technology and sales and marketing units, the company confirmed Wednesday.
“We’ve identified a few targeted areas of the organization we need to streamline in order to continue focusing our efforts on the key strategic areas that we believe will deliver maximum impact,” an Amazon Web Services spokesperson said in a statement. “We didn’t make these decisions lightly, and we’re committed to supporting the employees throughout their transition to new roles in and outside of Amazon.”
Amazon’s lucrative AWS unit has seen its sales growth decelerate in recent quarters as companies trimmed their cloud spend amid rising interest rates. Amazon executives expressed some optimism in February when they said the market is starting to show signs of reacceleration.
Amazon’s decision to reduce staff in AWS’ store technology team follows its announcement to discontinue cashierless checkout systems in its U.S. Fresh stores, according to CNBC. The AWS unit manages various technologies, including the cashierless tech known as Just Walk Out, Dash smart carts, and Amazon One palm-based payment technology. In 2022, the store technology team was transferred from Amazon’s retail group to its cloud computing division. An AWS spokesperson stated that the company made cuts to the store technology division due to a broader strategic shift in the utilization of certain applications in both Amazon-owned and third-party stores.
Amazon cuts hundreds of jobs in cloud computing unit.
KEY POINTS
• The cuts affect hundreds of staffers in AWS’ store technology and sales and marketing units.
•. Sales growth in AWS’ has decelerated in recent quarters as companies trimmed their cloud spend.
• A day…— Hussnain Zafar (@hussnainsa744) April 3, 2024
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