Amazon layoffs hit its advertising unit – Search Engine Land

On Tuesday, Amazon initiated layoffs within its advertising division as part of CEO Andy Jassy’s efforts to control costs.

It is unclear exactly how many employees in the ads division will be affected.

What’s happening. Amazon is currently experiencing the largest layoffs in its 29-year history, following a hiring surge during the Covid pandemic. Amazon’s global workforce grew to over 1.6 million by the end of 2021, up from 798,000 in the fourth quarter of 2019.

The aftermath. As a result of the recent layoffs, Amazon will reallocate resources, which include shifting team members, slowing down or stopping certain programs, and recognizing the need for different skill sets to address priorities. Consequently, role eliminations occurred for a small percentage of the organization. Affected employees were notified via email on Tuesday morning, with the layoffs scheduled to commence on June 20, or July 17 for workers in New York and New Jersey, following a 60- to 90-day transition…

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source: https://news.oneseocompany.com/2023/04/19/amazon-layoffs-hit-its-advertising-unit-search-engine-land_2023041943753.html

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