- Amazon.com Inc AMZN will halt hiring of its corporate workforce as it grapples with an “unusual macroeconomic environment,” according to Reuters reported citing the company blog.
- “We expect this pause to be maintained over the next several months and will continue to monitor what we see in the economy and business to adjust as we deem appropriate,” Beth Galetti, senior vice president of People Experience and Technology at Amazon, said.
- In recent weeks, Amazon has already suspended hiring at some of its businesses but intends to hire a “significant” number of employees next year, Galetti added.
- Also read: Amazon is hiring 150,000 employees for the holiday season, in line with 2021
- Over the past month, much media has reported on hiring freezes at parts of Amazon’s cloud unit AWS and its retail business.
- Amazon has reportedly frozen staffing levels in its profitable advertising business.
- Amazon imposed a hiring freeze on corporate positions at its retail business in October and canceled several experimental and smaller cost-cutting programs.
- Amazon halted global hiring for all corporate roles, including technology positions, in its in-store business.
- Price promotion: AMZN shares traded 2.72% lower at $89.62 on the last check Thursday.
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