Amazon Confirms 14,000 Corporate Layoffs
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More names are starting to emerge of Amazon MGM Studios executives affected by the sweeping companywide layoffs today. They include Nathan Kitada, Senior Creative Executive, Tentpole & Universe Development.
At the same time, Amazon, like other giant employers, is not immune to the uncertain business climate that has prompted other companies to put the brakes on hiring and look for ways to tighten their belts as they absorb the costs of tariffs and anxiously await a lasting US-China trade deal.
On Tuesday, October 28, word spread like wildfire that Amazon was initiating a huge number of layoffs. While Amazon's Senior Vice President of People, Experience and Technology Beth Galetti said the decision would impact roughly 14,000 employees, insiders told national news outlets that number could be more than doubled.
Amid sweeping layoffs that began throughout ecommerce giant Amazon Tuesday, the company is making "significant" changes to its video games business.
Following its latest mass layoff announcement, Amazon is shifting away from game development and ending support for New World.
On social media and elsewhere, impacted employees and others reacted to Amazon's decision to cut 14,000 corporate and tech workers across numerous divisions.
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Why companies like Amazon, UPS are getting bolder about layoffs after months of watching and waiting
Analysts have called it the “no-hire, no-fire” economy. But the thousands of job cuts announced by Amazon.com Inc. and United Parcel Service Inc. on Tuesday may suggest that the U.S. job market’s current state of suspension has changed for the worse.
"We’re convicted that we need to be organized more leanly, with fewer layers and more ownership, to move as quickly as possible for our customers and business," the company told staff Tuesday.