Amazon's Cloud Eyes More Staff in 2023, Remain Invested In More Data Centers

Amazon's Cloud Eyes More Staff in 2023, Remain Invested In More Data Centers
  • Amazon.com Inc’s AMZN cloud unit plans to add employees next year and keep building new data centers
  • Matt Garman, a senior vice president overseeing Amazon Web Services sales and marketing teams, said he expected his organization and the wider AWS business to add staff in 2023, Bloomberg reports
  • “I anticipate that we actually will add some more headcount next year,” Garman said in an interview on the sidelines of AWS’s re: Invent conference in Las Vegas. “Our business is still growing rapidly.”
  • Also Read: Google Cloud Managers Likely To Be Hit By Pay Cuts As Deal Growth Dries Up
  • Amazon instituted hiring curbs across corporate groups, pausing recruiting except in certain areas or with executive approval. 
  • The company also plans to cut about 10,000 jobs
  • Sales in Amazon’s cloud unit, the largest provider of rented data storage and computing power, totaled $20.5 billion during the three months that ended in September, up 27%.
  • AWS has long been a profit engine, sometimes accounting for the parent company’s operating income. 
  • But as growth in that business moderates, some have questioned the pace of Amazon’s investment in the cloud.
  • “We’ll moderate our data center growth when the demand moderates,” Garman said in the interview. “We have a lot of supply chain models that tell us to keep building data centers, so we’re gonna keep building them.”
  • Price Action: AMZN shares traded higher by 0.35% at $92.74 premarket on the last check Wednesday.
  • Photo by Tony Webster via Flickr

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