Amazon lays off 14,000 people - what's next for the company? - podcast episode cover

Amazon lays off 14,000 people - what's next for the company?

Oct 28, 202521 min
--:--
--:--
Download Metacast podcast app
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more

Episode description

Amazon confirmed this morning it is cutting 14,000 employees from its corporate workforce.

In a letter sent to employees earlier today, the Senior Vice President of “People Experience and Technology” – basically, HR – at Amazon quoted CEO Andy Jassey, saying “we want to operate like the world’s largest startup… by reducing layers, increasing ownership, and helping reduce bureaucracy.” 

This may only be the beginning of cuts within the company. According to Reuters, this round of workforce reduction could include as many as 30,000 positions. That would be the largest staffing reduction in the company’s history.

There are indicators that Amazon’s business is booming. Cloud computing sales increased 17.5% in the second quarter.

The company is planning to hire 250,000 seasonal employees, anticipating big holiday sales.

So - why now? What is Amazon’s goal with these cuts, and what are they aiming to build for the future of the company?

Guest:

  • Todd Bishop, co-founder of Geekwire, and a business and technology reporter

Related stories:

Thank you to the supporters of KUOW, you help make this show possible! If you want to help out, go to kuow.org/donate/soundsidenotes.

Soundside is a production of KUOW in Seattle, a proud member of the NPR Network.

See omnystudio.com/listener for privacy information.

For the best experience, listen in Metacast app for iOS or Android