- Amazon has announced that it will suspend new corporate hires.
- The company cited an “unusual macro-economic environment” as the reason for the freeze.
- Amazon joins big tech companies like Meta, Netflix and Alphabet in announcing a hiring freeze amid an economic downturn.
Amazon has announced that it will suspend new corporate hires.
In a Wednesday night message to employees that was released Thursday, Beth Galetti, Amazon’s senior vice president of people experience, cited an “unusual macro environment” as the reason for the decision, saying the The company “wants to balance our hiring and investments with thinking about this economy.”
Galetti told employees the company plans to maintain the hiring freeze “for the next several months.”
The public memo says Amazon still intends to hire a “significant” number of employees in 2023, highlighting business segments such as Prime Video, Alexa and grocery.
The e-commerce giant had hinted at plans to freeze hiring in recent weeks.
In a conference call last week, Chief Financial Officer Brian Olsavsky told shareholders and reporters that Amazon is “looking for areas where we can save money,” saying staffing was one priority areas.
The comments came amid a downturn for Amazon; the company expects it to experience its slowest fourth quarter growth in its history.
Amazon had already frozen hiring in its retail division in early October, according to internal documents reviewed by The New York Times.
The company isn’t alone in rethinking its hiring practices amid an economic downturn: Meta, Alphabet and Netflix have all announced hiring freezes this year.