Amazon Web Services has eliminated several hundred sales, marketing and technical roles, it said on Wednesday, the latest in a series of job cuts from its parent Amazon.com.
The affected staff includes several hundred in AWS’s sales, marketing and global services division and the physical stores team, Amazon’s cloud computing arm said.
“We have identified a number of targeted areas of the organization that we need to streamline,” an AWS spokesperson said via email.
Amazon over the past few months has laid off hundreds of employees in divisions including its Prime Video service, healthcare business and Alexa voice assistant unit, as big tech firms extend their massive job cuts over the past two years until 2024.
More than 57,000 workers have been laid off across 229 firms so far this year, according to tracking website Layoffs.fyi.
Amazon has laid off more than 27,000 in 2022 and 2023, after the tech industry hired too many people during the pandemic.
The cut at AWS’s 60,000-strong sales, marketing and global division is likely part of a broad reorganization under sales chief Matt Garman, according to news site The Information, which first reported the development.
After suffering a slowdown in growth last year due to an uncertain economy, Amazon’s cloud business showed signs of stabilization, helping the company beat quarterly earnings in February.
However, its position as the world’s largest cloud provider is being challenged by rival Microsoft, which has taken an early lead in the race to make money from generative artificial intelligence with an investment in ChatGPT maker OpenAI.
Unlock a world of Perks! From insightful newsletters to real-time stock tracking, breaking news and a personalized news feed – it’s all here, just a click away! Login Now!
This story was published by a wire agency feed without modifications to the text. Only the title was changed.
Catch all Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates and Live Business News.
More or less
Published: 03 Apr 2024, 22:22 IST