Survive and Thrive during Economic Downturn

Just after the recent news of Facebook parent Meta cutting more than 11,000 jobs to rein in costs, we hear that Amazon has started terminating some 10,000 employees in corporate and technical areas this week, which would be the most significant such cut ever.

As the New York Times previously reported, the layoffs would affect around 3% of Amazon’s corporate personnel. The precise number can change as Amazon businesses evaluate their objectives. The people, who spoke on the condition of anonymity because they were not permitted to speak in public, said that the layoffs would primarily affect Amazon’s devices section, which includes the voice assistant Alexa, as well as its retail sector and human resources.

The fact that Amazon is planning to make cuts during the crucial holiday shopping season when the company has historically valued stability demonstrates how swiftly the faltering global economy has put pressure on Amazon to cut operations that have been overstaffed or underperforming for years.

As economic turbulence deepens, outsourcing can play a key role in right-sizing your organisation and thriving and not just surviving through these volatile economic times.