Stock Markets 2 hours ago (Nov 17, 2022 05:26PM ET)
© Reuters. FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo
(Reuters) – Amazon.com Inc (NASDAQ:) said on Thursday there would be more role reductions as its annual planning process extends into next year and leaders continue to make adjustments.
“Those decisions will be shared with impacted employees and organizations early in 2023”, said Andy Jassy, who became the company’s Chief Executive Officer in 2021, in a letter to Amazon employees.
Jassy added the company was in the middle of an annual operating planning review where it was making decisions about what should change in each of its business.
Amazon has not yet decided on how many other roles will be impacted from the move.
The online retailer laid off some employees in its devices group on Wednesday and a person familiar with the matter said the company still targeted around 10,000 job cuts, including in its retail division and human resources.