Amazon Looks To Pull Brakes On Hiring To Trim Pandemic Induced Fluff - Amazon.com (NASDAQ:AMZN)

Amazon.com Inc AMZN chief Andy Jassy acknowledged slowing down the hiring rate citing pandemic-induced overexpansion, the Wall Street Journal reports.
Amazon looks to scale back following a massive hiring spree to contain customer demand, primarily in its fulfillment networks.
Amazon reported slowing sales and the second quarter of net loss in Q2 as it faced continued weakness in its retail operations after a pandemic boom.
Jassy has been working on cutting back on the excesses of the company's breakneck expansion of its e-commerce operation during the pandemic since he succeeded Jeff Bezos.
Amazon attempted to shed some warehouse space by subletting it out and deferring the construction of new warehouses. It also closed down many of the company's brick-and-mortar retail stores.
Amazon sought additional revenue in healthcare beyond its e-commerce and cloud computing services businesses.
Amazon saw a growing workforce joining unions in quest of better pay and workplace conditions.
Tech giants, including Alphabet Inc GOOG GOOGL Google, and Meta Platforms Inc META, looked to downsize the workforce lest they fail to meet the standards.
Price Action: AMZN shares traded higher by 0.02% at $129.50 in the premarket on the last check Friday.
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