• Thu. Apr 18th, 2024

Amazon to Cut Hundreds of Jobs in Cloud Computing Business as Company Shifts Focus to Physical Stores

BySamantha Jones

Apr 4, 2024
Amazon: Big Tech Company Lays Off Hundreds of Employees in Cloud Computing Division

Amazon, a leading technology company, has announced job cuts that will affect hundreds of employees at its cloud computing business. The company is shifting its strategy by focusing on physical stores such as Amazon Fresh, which were launched in 2020. On Tuesday, Amazon announced it would be removing its self-checkout system, Just Walk Out, from all its stores.

The job cuts will impact several hundred roles in sales, marketing, and global services as well as a few hundred roles in its physical stores technology team. An AWS spokesperson told the BBC that these decisions are difficult but necessary as the company continues to invest, hire and optimize resources to deliver innovation for its customers. However, Amazon also stated that it will continue to hire and grow, especially in core areas of its business, with thousands of jobs available and efforts to find internal opportunities for affected employees.

The cuts will take place worldwide with most of the AWS roles based in Seattle. US-based employees affected by the job cuts will receive pay and benefits for at least 60 days, assistance in finding another job, access to transitional health benefits and eligibility for severance pay. As of the end of last year, Amazon had over 1.5 million full-time and part-time employees excluding contractors and temporary personnel.

In addition to focusing on physical stores, Amazon has been investing heavily in artificial intelligence (AI) through its cloud computing platform AWS. This includes recent investments in safety research start-up Anthropic. Other technology giants like Microsoft have also been investing heavily in AI capabilities. According to US career consultancy Challenger Gray & Christmas tech sector cut 168,032 jobs in 2023 – a 73% increase compared to 2022.[

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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