Americans Prepare For Mass Layoffs
This is unprecedented.
In what is being called the largest workforce reduction in history, Amazon is beginning to prepare firing over 18,000 workers. It is unclear exactly how this will affect President Biden’s future jobs reports however it defiantly won’t be a positive outcome.
According to Fox, at the beginning of January Amazon’s CEO Andy Jassy warned employees that the company was preparing to layoff about 18,000 people as they attempt to cut costs and will start contacting workers on January 18th.
Jassy wrote, “Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so. These changes will help us pursue our long-term opportunities with a stronger cost structure.”
Amazon refused to give anymore context after Jassy’s message.
These new 18,000 layoff are just a fraction of Amazon’s massive 1.5 million person workforce however it will still make a big impact on the U.S. economy.
President Biden and the White House has yet to comment on this massive news of Amazon’s layoffs.
