The question is: why is Amazon rapidly cutting loose so many workers? The answer could be found in a bunch of factors that led the company to take such steps. One of the reasons is the mass hiring of people by Amazon during these times. The number of employees had almost doubled in those two years, which resulted in a bloated workforce.https://youtu.be/JI3N8s4IR1sAnother reason could be the economic slowdown or the uncertainties present in today’s world. The Amazon CEO says, We are working to support those who are affected and are providing packages that include a separation payment, transitional health insurance benefits, and external job placement support.As the company is revising its annual plan and aiming at cutting costs, this is a step that they have to take necessarily. The company CEO added that the management does not take these decisions lightly and that the sudden announcement also resulted from private information being leaked by a teammate. Had you been an Amazon employee, what would be your reaction? Let us know in the comments.
