Most people recognize Amazon as one of the most successful online retailers today, so why are there hundreds of layoffs planned for 2023? In this article, we examine this HUGE chip in the company’s armor…
Reason Behind HUNDREDS of Amazon Layoffs in 2023
Many of us love Amazon to get those last-minute essentials fast. However, the digital outlet is not successful in getting us our groceries.
THEREIN LIES THE REASON FOR MANY AMAZON LAYOFFS IN 2023.
Although it acquired the Whole Foods chain in 2017, Amazon struggles to make it in the food sector. As a result, the company is cutting jobs in its 44 Amazon Fresh Store locations.
Representative Jessica Martin from Amazon made the decision at the end of Q2 2023 and made this statement:
“LIKE ANY RETAILER, WE PERIODICALLY ASSESS OUR STORES’ ORGANIZATIONAL NEEDS AND MAKE DECISIONS TO INCREASE EFFICIENCIES FOR OUR EMPLOYEES AND DELIVER CUSTOMER VALUE. WE REMAIN COMMITTED TO OUR GROCERY BUSINESS, AND WE’RE WORKING CLOSELY WITH AFFECTED EMPLOYEES TO HELP THEM FIND NEW SHIFTS OR ROLES WITHIN AMAZON.”
Despite Amazon’s attempts to incentivize customers with offers, Amazon continues to see losses…
After all this, one has to wonder if Amazon should keep trying to make it in the food business…
Is Amazon Cut Out for the Food Biz?
As previously discussed, Amazon’s layoffs in 2023 are a direct result of flailing in the grocery sector. But is there any chance they can turn it around?
CEO, Andy Jassy, thinks so. He said this to financial analysts in February…
“WE’RE DOING A FAIR BIT OF EXPERIMENTATION TODAY WITH THOSE STORES TO FIND THE FORMAT THAT WE THINK RESONATES WITH CUSTOMERS, IS DIFFERENTIATED IN SOME MEANINGFUL FASHION, AND WHERE WE LIKE THE ECONOMICS.”
In the meantime, let’s hope that Amazon can figure it out before they need to make MORE layoffs in 2023 and beyond.
— GCTV Staff
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