The Economy which was hit hard by the Covid pandemic is yet to get in a good shape. While the impact is still intact, external factors such as not-so-good developments in other countries are also damaging the economy making the economy uncertain. The situation is such that the companies are going for layoffs.
Irrespective of the size the companies are removing employees to reduce their costs. Even leading tech giants and e-commerce firms are also removing extra workforce to keep the employees’ force short and sharp.
Leading e-commerce giant Amazon said that it is removing employees due to the uncertain economy. The Company said around 18,000 employees working in various departments would be removed with no other option left. In a statement, the firm said that employees who would be impacted will be informed.
Talking about the layoff exercise, Amazon Chief Executive Officer(CEO) Andy Jassy said that the company knows losing the jobs will leave a big impact on the employees and the affected employees will get a lending hand like separation payment and support for job placement.
“We are working to support those who are affected and are providing packages that include a separation payment, transitional health insurance benefits, and external job placement support,” the Amazon CEO said talking about layoffs.
The layoffs are not just restricted to the e-commerce field. Even Software companies are also not able to miss this and are laying off employees. Enterprise software company Salesforce is all set to remove more than thousands of employees.
A letter was sent to the employees saying that a portion of employees would be removed and the exercise is likely to be started in a few days. Saying that the situation is tough and it is the same which forced them to take the tough call, the company assured the employees that special benefits would be given.
When the Covid pandemic emerged we, the employers hired employees in big numbers increasing their workforce. But the situation is such that the employers are not getting big projects as they used to get earlier. So they longer need a big workforce. This is making the employers sack the extra workforce.
It has to be mentioned that a few days back a few experts predicted that 2023 will not be a great year for employees as the exercise of laying off employees will start in January. Adding fuel to this, big companies said that they have decided to lay off their employees.
