Amazon CEO says layoffs will extend into next year
New York (AP): The mass layoffs that began in Amazon's corporate ranks this week will extend into next year, CEO Andy Jassy said on Thursday.
In a note sent to employees, Jassy said the company told workers in its devices and books divisions about layoffs on Wednesday. He said it also offered some other employees a voluntary buyout offer.
"I have been in this role now for about a year and a half, and without a doubt, this is the most difficult decision we have made during that time (and, we have had to make some very tough calls over the past couple of years, particularly during the heart of the pandemic)," Jassy wrote in the memo.
Seattle-based Amazon, which has been cutting costs in various areas of its business in the past few months, is undergoing an annual review process to figure out where it can save more money. Jassy said this year's review is "more difficult" due to the economic landscape and the company's rapid hiring in the last several years.
Other tech companies -- many of which had gone on hiring binges in the past few years -- have also been trimming their workforce amid concerns about an economic slowdown. Among others, Facebook parent Meta said last week it would lay off 11,000 people, about 13 per cent of its workforce. And Elon Musk, the new Twitter CEO, has slashed the company's workforce in half this month.
On Tuesday, Amazon notified authorities in California that it would lay off about 260 corporate workers at various facilities in the state. The company has not publicly disclosed how many employees it laid off this week across its entire corporate workforce, though some based in Seattle said they have also been let go.
Jassy said the company has not concluded how many other jobs will be impacted. He noted there will be reductions in certain divisions as the company goes through the annual review process, which will continue into next year. As they weigh job cuts, he said leaders at the company will prioritise what matters most to customers and the long-term health of the company.
Amazon is offering severance packages for employees who leave the company. But -- unlike Meta, for example -- it has not publicly provided details of the package.
The company employs more than 1.5 million (15 lakh) workers globally, primarily made up of hourly workers.
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Bearys education announces ‘campus connect & talent hunt 2026,' offers up to 100% scholarships
Mangaluru: Bearys Education has announced the launch of its “Campus Connect & Talent Hunt 2026,” scheduled to be held on April 11 at the Bearys Knowledge Campus near Mangalore University in Innoli.
The initiative, aimed at promoting academic excellence and student empowerment, will offer scholarships of up to 100 percent on tuition fees for meritorious candidates.
The programme seeks to identify and support students aspiring to pursue Pre-University Course (PUC), degree, engineering and architecture programmes.
The event is open to students from SSLC (Class 10), PUC (Class 12), Diploma and ITI streams, along with their parents. Organisers said the day-long programme will focus on guidance, engagement and opportunities for students planning their academic future.
A Talent Hunt Examination will be conducted on April 11 at 9.30 am, with eligibility extended to students completing SSLC and PUC in 2026. Based on their performance, candidates will be considered for scholarships of up to 100 per cent.
The event will also feature a career guidance and counselling session led by Ameen-E-Mudassar, CEO of CIGMA. In addition, a technical and science expo showcasing student-led innovations, along with a food festival, will be organised as part of the programme.
Organisers stated that the initiative reflects the institution’s focus on quality education, personality development and integrity, while marking over 120 years of educational service.
Interested participants can register before April 8 by scanning the QR code provided in the official announcement (provided below) or by contacting 89704 96949, 81239 04351, or 99000 66888.
