Inside the company, some employees are questioning whether Amazon will still prioritize pursuing big ideas that don’t generate immediate financial payoff. Even without knowing exactly how many offers the company has rescinded, current and future Amazon employees alike are shocked - underscoring the rarity of the current cost-cutting climate at the tech giant and raising the question of what these pullbacks signal for the economy as a whole.
This is upending the lives of would-be staff and threatening the company’s reputation in the job market for technical talent - where it was already facing challenges, according to a leaked internal memo exclusively viewed by Recode.Ī company spokesperson confirmed that job offers were pulled, which was first reported by The Information, but declined to disclose specific numbers. And Amazon began quietly rescinding job offers to future employees as well. Rumors continue to spread internally that the number of job cuts might grow, either through traditional layoffs or by pushing out more employees than usual for unsatisfactory performance, with one publication reporting that 20,000 cuts are the actual target. In late November, Amazon began making what are expected to be the largest corporate staff cuts in its 28-year history, axing as many as 10,000 corporate employees, or about 3 percent of the company’s office staff. If you took a white-collar job at Amazon, whether you stayed there two years or 10, your career seemed to be set.
Online shopping was consistently growing, and Amazon’s two main profit engines, cloud services and advertising, were growing even faster. Amazon has long been one of the top employers in the tech industry.
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