Amazon Hires More New Employees Than It Lays Off

Employment

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Adi Ahdiat 13/02/2023 19:30 WIB

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From late 2019 to early 2022, Amazon, Microsoft, Google, and Meta hired significantly more employees than they laid off.

Comparison of New Hire and Layoff Numbers at Amazon, Microsoft, Google, and Meta (October 2019-January 2023)

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Comparison of New Hire and Layoff Numbers at Amazon, Microsoft, Google, and Meta (October 2019-January 2023)

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Throughout 2022, waves of layoffs hit technology companies in various countries, particularly the United States (US).

By early 2023, US tech giants such as Amazon, Microsoft, Google, and Meta were recorded as having the largest global layoffs, each dismissing between ten thousand and tens of thousands of employees.

However, before the wave of layoffs, these companies had massively recruited employees. When accumulated, the number of their new hires far exceeded those laid off.

According to data compiled by *Yahoo Finance* and *Bloomberg*, between October 2019 and September 2022, Amazon hired approximately 746,000 new employees.

Then, between October 2022 and January 2023, Amazon laid off approximately 18,000 people. This means that the proportion of employees they dismissed was about 2.4% of the total new employees hired.

Similar situations occurred at Microsoft, Google, and Meta, with details of the number of new hires and layoff victims as shown in the graph.

Meanwhile, according to Jan Hatzius, chief economist at investment bank Goldman Sachs, in January 2023, the number of workers in the United States had increased by approximately 517,000, despite widespread reports of layoffs in the preceding months.

"This indicates that companies conducting layoffs do not represent the broader economic conditions," said Jan Hatzius, as reported by *Yahoo Finance* on Tuesday (February 7, 2023).

"It's also important to remember that not every layoff results in long-term unemployment, as most laid-off workers find new jobs. In recent months, the job acquisition rate among the unemployed (in the US) has been high by historical standards," he continued.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Amazon Hires More New Employees Than It Lays Off

Amazon Hires More New Employees Than It Lays Off

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