Amazon CEO says more job cuts coming next year

Amazon CEO Andy Jassy said in a note to employees on Thursday that the company is cutting jobs, and the downsizing will continue into next year.

Jassy said that the business is in the midst of an annual review, which has been tougher this year.

"This year's review is more difficult due to the fact that the economy remains in a challenging spot and we've hired rapidly the last several years," he explained.

"Yesterday, we communicated the difficult decision to eliminate a number of positions across our Devices and Books businesses, and also announced a voluntary reduction offer for some employees in our People, Experience, and Technology (PXT) organization. Our annual planning process extends into the new year, which means there will be more role reductions as leaders continue to make adjustments. Those decisions will be shared with impacted employees and organizations early in 2023. We haven't concluded yet exactly how many other roles will be impacted (we know that there will be reductions in our Stores and PXT organizations), but each leader will communicate to their respective teams when we have the details nailed down," Jassy said in the note.

Jassy, who took on the CEO role last year, said that this has been the hardest experience since taking the reins at the organization.

"I've been in this role now for about a year and a half, and without a doubt, this is the most difficult decision we've made during that time (and, we've had to make some very tough calls over the past couple of years, particularly during the heart of the pandemic)," he wrote. "We are working to support those who are affected and trying to help them find new roles on teams that have a need; and in cases where that's not possible, we are offering packages that include a separation payment, transitional health insurance benefits, and external job placement support."