Amazon To Lay Off Hundreds Of Engineers As Cloud Business Slows
Amazon is planning significant job cuts according to sources familiar with the company’s plans. While the e-commerce giant does not disclose employee count. Reports indicate hundreds of roles may be at risk of lay off particularly impacting the cloud computing division, AWS. The cuts are aimed at reducing costs as growth in Amazon’s cloud business has shown signs of slowing.
AWS, Amazon’s cloud computing and infrastructure business, is poised to see widespread lay offs impacting sales, marketing, and technology teams. The cloud division is looking to streamline operations and focus resources on key strategic areas. An Amazon spokesperson acknowledged targeted cuts without specifying numbers but said efforts will be made to find new roles for affected staff.
Other Tech Giants Also Cutting Jobs
Amazon is not alone in cutting jobs in the technology sector as economic uncertainty looms. Microsoft recently announced plans to lay off over 1,900 employees primarily in its gaming division. Cisco also said it would cut more than 4,000 roles or 5% of its workforce globally. Google CEO Sundar Pichai has warned of more “role eliminations” with the internet giant embarking on additional cost optimization. Layoffs tracker Layoffs.fyi estimates over 70 companies have cut nearly 32,000 jobs in 2022 so far in the technology industry.
With economic conditions deteriorating, more tech firms are expected to follow suit by way of job cuts and lay offs to weather the storm. For Amazon, slowing growth at AWS poses financial challenges that may require deeper cost reductions impacting several divisions and potentially hundreds of engineering roles according to reports. How the tech sector navigates a downturn will be closely watched.
