The news industry is incredibly desperate for stories about layoffs it seems.
I don't think this is an informed take. Amazon not only cancelled all hires but also increased the number of employees they want to fire. From the first time in the company's history, they explicitly announced they were going to fire people in a purely cost-cutting approach and in a way that was not tied to employee performance.
If anything, this signals that Amazon changed radically it's corporate strategy from a growth-oriented strategy to a consolidation one. This has strong implications on the company's revenue expectations.
If you simply went through all of a company like IBM's announced layoffs of some percentage, you would find their headcount rapidly converges to a value of 0% sometime early in the company's history. Last time I checked, IBM is a not yet an AI-run business to the best of our understanding.
This is just ignorant speculation from your end. Amazon stopped all hiring rounds over a month ago and even rescinded open offers, and that hasn't changed since Andy Jassy announced the company was going to start the unprecedented firing rounds.
That being said I don’t think that has anything to do with Amazon in this case, just negative coverage of tech more broadly.
I wouldn't have guessed that was 1% of their workforce, nor the turnover rate.
I would've guessed 150-200K, and 25%/year turnover.
Even though this means more people. 18k still sounded huge until I wrote this comment.
18k is huge because Amazon has been killing off entire teams, managers and all, instead of doing the typical Jack Welch decimation tactics.
It's important to name-and-shame companies that can't be bothered to let go of people through legitimate channels of performance reviews, PIPs, allowing transfers, etc. Legitimizing overhire overfire is a dangerous road.