![]() ![]() “Starting back in the middle of the third quarter of 2022, we saw our year-over-year growth rates slow as enterprises of all sizes evaluated ways to optimize their cloud spending in response to the tough macroeconomic conditions,” Amazon CFO Brian Olsavsky said on the company’s earnings call in February. (Amazon founder Jeff Bezos owns the Washington Post.)Īmazon’s cloud business is still growing – it climbed 20% last quarter – but at a slower pace, in part because its business customers are looking for ways to save money. ![]() But growth has waned for Amazon and fellow tech giants Facebook, Google and Microsoft, which have all announced massive layoffs in the past several months. The Seattle company boomed during the early days of the coronavirus pandemic, when consumers leaned into online ordering. Given the “uncertain economy in which we reside, and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount,” Jassy said in a note sent to employees and published online. ![]() Monday’s announcement builds on the 18,000 layoffs previously announced by the e-commerce giant – bringing the total to 27,000 – and stands in a stark contrast to the explosive growth the technology industry, and Amazon in particular, have seen in the past decade. Now he’s planning to slash 9,000 jobs at Amazon Web Services and other units, pointing to an “uncertain economy,” as the company’s growth cools. CEO Andy Jassy rose to power within Amazon by turning its cloud computing business into a massive profit center. ![]()
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