Amazon CEO Andy Jassy told employees in a memo made public on Thursday that layoffs will continue in 2023, writing that the economy is in a “challenging spot” and the e-commerce giant has “hired rapidly” in recent years.
“Our annual planning process extends into the new year, which means there will be more role reductions as leaders continue to make adjustments,” Jassy wrote in the memo.
“Those decisions will be shared with impacted employees and organizations early in 2023.”
The layoffs, which the Wall Street Journal reports could amount to 10,000 jobs, have already impacted the company’s Devices and Books businesses.
Jassy, who took over for Amazon founder Jeff Bezos last year, called it the “most difficult decision” that he and his team have had to make.
Amazon’s announcement comes amid a larger slowdown in the tech industry, with several companies announcing layoffs in recent weeks.
Meta, the parent company of Facebook, said last week it would reduce its workforce by about 13%, or 11,000 jobs.
Twitter laid off roughly half of its workforce in early November, soon after Elon Musk closed his $44 billion deal to purchase the social media platform.