Amazon.com Inc (NASDAQ:AMZN, ETR:AMZ) is reducing its workforce in the Amazon Web Services (AWS) division, particularly within its physical stores technology, sales, and marketing teams. Job losses will run into the 'hundreds', according to reports from the US.
AWS issued this short statement: “We’ve identified a few targeted areas of the organisation we need to streamline in order to continue focusing our efforts on the key strategic areas that we believe will deliver maximum impact.
“We didn’t make these decisions lightly, and we’re committed to supporting the employees throughout their transition to new roles in and outside of Amazon.”
Cloud storage specialist AWS has seen its growth moderate in recent quarters as businesses have tightened their belts against a backdrop of higher inflation and subdued consumer spending.
This development follows Amazon's broader trend of job cuts across various departments, marking the largest layoff phase in the company's history, totalling over 27,000 positions.