The Watchman: Lay Off Coming

The layoffs were already known. We noted in November the Seattle-based company was planning to cut 10,000 corporate jobs. However, the figure Jassy provided is 8,000 more than expected.Show more

And like Salesforce and many tech companies that have been hemorrhaging workers due to overhiring as the economy downshifts, Jassy appears to note the same in his reasoning for the mass firing:

This year's review has been more difficult given the uncertain economy and that we've hired rapidly over the last several years.