Layoff season is here to stay! Amazon looking to reduce headcount through voluntary buyout program

Amazon is offeringvoluntary buyouts to some of the company’s employees as it looks for ways to reduce its workforce, in addition to the mass layoffs already underway. According to internal company documents reviewed by CNBC, voluntary layoffs” were sent to certain departments on Tuesday and Wednesday, including human resources and human resources. 

In exchange for his departure from the company, Amazon will pay employees a “lump sum” of severance pay equal to three months’ salary plus one week for every six months’ salary, the documents said. Employees will also be paid a 12-week weekly stipend to offset COBRA payments, and their coverage will continue through the end of December. In November, there are employees. 

According to the documents, 29 people resign and have 5.12 months to withdraw their applications if they change their minds. Amazon will notify employees next month that their resignations have been accepted and that their last day of work will be December 23.

The voluntary layoff program is the “first step” in restructuring Amazon’s businesses, the filings said, adding that departmental layoffs may occur in the near future.

Amazon encourages employees to acquire companies as CEO Andy Jassy steps up efforts to control costs across the company.
This week, Amazon began the biggest job cuts in its 28-year history as it anticipates a worsening economy and lays off a workforce that has grown during the pandemic.

Dave Limp, Amazon’s head of hardware, said Wednesday that the company has begun laying off workers in its devices and hardware businesses. So far, the job cuts appear to have had a significant impact on employees in Amazon’s Alexa and Luna cloud gaming divisions.

Amazon is expected to cut up to 10,000 jobs, although the total number will remain the same as the decisions are made on a business basis, according to a person familiar with the matter.

The ongoing layoff announcements, which are still ongoing, have left some Amazon employees frustrated because the company has not yet issued a company-wide layoff notice, a person familiar with the matter told sources.