Online retail giant Amazon pauses recruiting for corporate roles to rein in costs

Amazon has frozen hiring for its corporate roles in its retail sector to control costs as online retailers begin to see a decline in customers after the pandemic.

According to a report published by the New York TimesAmazon had instructed recruiters to close all open job postings for those roles and recommended suspending recruiting activities, such as phone calls to screen new candidates.

Company spokesman Brad Glasser said in a statement that there are, however, a significant number of open positions in other sectors of the company.

“We have many different businesses in various stages of evolution and we expect to continue to adjust our hiring strategies in each of these businesses at various times,” Glasser said.

It comes amid concerns about an economic downturn that has caused companies like Google, Apple and Meta to slow down and, in some cases, temporarily halt hiring altogether.

Under Amazon CEO Andy Jassy, ​​who took over just over a year ago, the company has been cutting spending in a bid to cut costs during its weakest growth in more than two decades.

According to The New York Times, Jassy recently told investors that the company had focused on controlling cost and efficiency in its warehousing and logistics operations.

Amazon experienced a sharp increase in demand during the early days of the Covid-19 pandemic but, as with other businesses that flourished during the crisis, has seen a decline in sales as buying patterns return to normal. pre-pandemic levels.

During the pandemic, Amazon grew its workforce to more than 1.2 million people worldwide, up 50% from 2019.

Amazon CEO Andy Jassy (pictured) said the company has been cutting expenses in a bid to cut costs during its weakest growth in more than two decades.

Amazon has frozen hiring for its corporate roles in its retail sector to control costs as online retailers begin to see a decline in customers after the pandemic.

Amazon has frozen hiring for its corporate roles in its retail sector to control costs as online retailers begin to see a decline in customers after the pandemic.

Amazon experienced a sharp increase in demand during the early days of the pandemic but, like other businesses, has seen sales decline as buying patterns return to pre-pandemic levels.

Amazon experienced a sharp increase in demand during the early days of the pandemic but, like other businesses, has seen sales decline as buying patterns return to pre-pandemic levels.

However, this tempered the post-pandemic, as the company saw almost 100,000 fewer people employed since the end of March.

In recent months, Amazon has closed or canceled the launch of new facilities, and is delaying the opening of some new buildings after its pandemic-driven expansion left it with too much storage space.

The corporate hiring freeze is the latest sign that cost control measures are taking a toll on Amazon’s main retail and technology teams.

In recent years, Amazon has hosted a Career Day in September, where it has hired for tens of thousands of salaried positions.

Last year, it received more than a million job applications. But it did not host the event this year.

But they’re not the only company looking for ways to cut costs.

Mark Zuckerberg announced a hiring freeze and warned of plans to “steadily reduce headcount growth” for the first time in company history.

Facebook’s CEO said during a question-and-answer session with employees last week that the company would extend a hiring freeze that has been in place since May.

During that meeting, he said steps would be taken to cut costs.

Zuckerberg has suffered significant losses to his personal fortune, which has shrunk by almost a third in a year.

Meta will also close one of its New York offices as part of a plan to slow growth and cut costs by at least 10 percent in the coming months.

Amazon closed/canceled the launch of new facilities and delayed the opening of some new buildings after its pandemic-driven expansion left it with too much storage space.

Amazon closed/canceled the launch of new facilities and delayed the opening of some new buildings after its pandemic-driven expansion left it with too much storage space.

Hiring and investment will also slow at Google, just a week after the company canceled its next-generation laptop and reshuffled 50 employees.

Hiring and investment will also slow at Google, just a week after the company canceled its next-generation laptop and reshuffled 50 employees.

Meta will also close one of its New York offices as part of a plan to slow growth and cut costs by at least 10 percent in the coming months.

Meta will also close one of its New York offices as part of a plan to slow growth and cut costs by at least 10 percent in the coming months.

The company will end its lease on the 200,000-square-foot office space at 225 Park Avenue South in the Flatiron district of Manhattan.

“Two twenty-five Park Avenue South has served as a great bridging space to get us to our new offices at Hudson Yards and Farley,” Meta spokeswoman Jamila Reeves said in an emailed statement, confirming the company’s plans to relinquish space.

Hiring and investment will also slow at Google, just a week after the company canceled its next-generation laptop and reshuffled 50 employees following major cuts to its incubator program.

And in August, the economic times reported that Apple laid off many of its contract recruiters last week, as part of a push to rein in the tech giant’s hiring and spending.

According to data collected by Crunch baseMore than 42,000 US tech workers at Big Tech companies like Microsoft and Meta have been laid off in massive job cuts.

The layoff includes ride-sharing platform Uber, Netflix, and various cryptocurrency exchanges and lending platforms.

It may be the first time since the 2008 financial crisis that Apple and Google have cut staff and frozen hiring, and big tech companies appear bracing for strong headwinds.

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