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In November 2022, Amazon CEO Andy Jassy announced layoffs in the company’s corporate offices by explaining that “the economy remains in a challenging spot.” The news reportedly impacted about 10,000 employees in Amazon’s devices, books and people, and experience and technology (PXT) departments—and Jassy added that cuts will continue in 2023.
Amazon is hardly alone. Retailers like Best Buy, Party City, Walmart and Wayfair also announced layoffs in 2022. And a recent survey from job site ResumeBuilder found 61% of companies expect more staff cuts in 2023.