Amazon has announced that it plans to lay off nearly 20,000 workers in the new year. This workforce reduction will be the largest one of its kind within the tech industry, which has been experiencing mass layoffs in recent months. The Amazon layoffs are expected to acutely affect corporate employees and have no impact on hourly wage warehouse workers. This decision reflects the overzealous hiring habits of big tech companies during the pandemic as well as the current economic pressures due to inflation.
See "Layoffs continue to sweep the tech industry as Amazon plans to lay off thousands of corporate workers", Bobby Allyn, NPR, January 5, 2023