Amazon pauses corporate hiring over economy concerns

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Amazon has decided to suspend “additional recruitment” for its entire corporate workforce for several months.

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Amazon is suspending hiring of its corporate workforce in the company’s latest move to cut costs amid worries about the broader economic environment.

Company executives have decided to pause “new additional hiring” for the entire corporate workforce and expect the pause to be in place for several months, Beth Galetti, senior vice president of HR and Technology, said in a memo posted on Amazon’s website. . on Thursday.

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The company “will continue to monitor what we see in the economy and business to adjust, which we think makes sense,” Galetti said. “We are facing an unusual macroeconomic environment and want to balance our hiring and investment with caring for this economy.”

Galetti noted that depending on the business, Amazon will hire employees to replace employees leaving the company. In some areas, he will continue to hire people gradually.

In the past few weeks, Amazon has suspended recruitment for the corporate side of its retail division and some of its other businesses. The company also got rid of its subsidiary. cloth.com and closed it Amazon care medical service. Galetti said the Seattle-based retail and tech giant is still committed to hiring “a significant number of people” next year.

Tech companies, cryptocurrency exchanges and financial firms are cutting jobs and slowing hiring as global economic growth slows due to higher interest rates and hot inflation. Tech giants Meta, Apple and Twitter have also announced hiring suspensions in recent weeks due to economic uncertainty.

Credit: www.aljazeera.com /

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