Amazon CEO says lay-offs will extend into next year

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NEW YORK: The mass lay-offs that began in Amazon‘s corporate ranks this week will extend into next year, CEO Andy Jassy said on Thursday.
In a note sent to employees, Jassy said the company told workers in its devices and books divisions about lay-offs on Wednesday. He said it also offered some other employees a voluntary buyout offer.
“I have been in this role now for about a year and a half, and without a doubt, this is the most difficult decision we have made during that time (and, we have had to make some very tough calls over the past couple of years, particularly during the heart of the pandemic),” Jassy wrote in the memo.
Seattle-based Amazon, which has been cutting costs in various areas of its business in the past few months, is undergoing an annual review process to figure out where it can save more money. Jassy said this year’s review is “more difficult” due to the…

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