January 6, 2022: On Wednesday, Amazon said it would cut over 18,000 jobs, a more significant number than the e-retailer initially said it would eliminate in the previous year.
The Wall Street Journal reports on the cuts, which Amazon said preempted its planned announcement.
“We typically wait to communicate regarding these outcomes until we can speak with the impacted people,” CEO Andy Jassy stated in a memo to employees that the firm published on its blog. “However, because one of our teammates is leaking this information externally, we are deciding it was better to convey this news earlier so you can hear the details from me.”
Tech companies are choosing in 2023 where they left off last year, preparing for an extended economic downturn. Salesforce said Wednesday would reduce headcount by 10%, impacting more than 7,000 employees. Both Amazon and Salesforce admitted they hired too rapidly during the Covid pandemic.
Amazon acknowledged that it had added workers too quickly in warehouses as customers shifted to online ordering. The company employed 1.54 million individuals at the end of the third quarter.
In November, Jassy said Amazon would eliminate roles, including at its physical stores, devices, and books divisions. It was also reported that Amazon was looking to lay off around 10,000 employees. Now the number is higher.
“Amazon has weathered uncertain and difficult economies in the past, and we will keep doing so,” Jassy wrote. “These changes will support our long-term opportunities with a big cost structure; however, I’m also optimistic that we’ll be inventive, resourceful, and scrappy in this time when we’re not hiring expansively and eliminating some roles.”
Amazon plans to inform employees who will lose their jobs starting January 18, Jassy wrote, noting that most cuts will come in the stores and People, Experience, and Technology groups.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
AspenTech, a Massachusetts-based company, plays a pivotal role in the oil and gas industry by leveraging cutting-edge technologies, including AI (artificial intelligence). Let’s delve into how AspenTech contributes to this dynamic sector
It’s no secret that oil and gas is a boom-and-bust industry. Production is currently up, projected to increase to 13.7 million barrels daily in 2024. But this won’t last forever. Whether production is up or down, the key to maximizing production, optimizing efficiency, and taking advantage of increased profits is innovation, digital transformation,and automation.For stakeholders looking to deliver safer, more efficient, and cheaper energy, innovation and automation must be a top priority. Those who fall behind in the race to innovate, ultimately, run the risk of losing market share.
Talking to Thomas Hundertmark, a senior partner in McKinsey’s Houston office, Darren Woods is chairman and CEO of ExxonMobil made some crucial points and also gave some insights on what the conglomerate was doing in order to save the climate.
Today oil and gas producers face severe regulatory and public relations obstacles due to the concern with greenhouse gases and resource depletion. Calgary-based start-up, Advanced Upstream (“AU”), has been disrupting the oil and gas industry with simple and reliable innovative technologies. AU’s products help the oil and gas producers to enhance energy production while reducing the corresponding environmental impact. By decreasing personnel and time on site, and lowering overall HSE risks across the board, the clients can see a notable improvement in their ESG rating, contributing to their bottom line.
Jasmin Staiblin, Chief Executive Officer of ABB Switzerland, says, “Global energy consumption continues to grow and, if left unabated, will lead to an ever-greater risk of irreversibly changing our climate. To take advantage of more sustainable energy sources, the energy landscape is in a state of profound change to allow the integration of increasing amounts of renewable energy sources into the grid, to allow infrastructure to run more intelligently and efficiently, and to ensure the supply of energy is available at all times.
The activation of the Fallon Two Rock solar farm project has recently bolstered the Californian energy …