Post-Tribune

Amazon’s CEO: Layoffs to linger

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NEW YORK — The mass layoffs that began in Amazon’s corporate ranks this week will extend into next year, CEO Andy Jassy said Thursday.

In a note sent to employees, Jassy said the company told workers in its devices and books divisions about layoffs Wednesday. He said it also presented some other employees with a voluntary buyout offer.

Amazon, which has been cutting costs in various areas of its business in the past few months, is undergoing an annual review process to figure out where it can save money. Jassy said this year’s review is “more difficult” due to the economic landscape and Amazon’s rapid hiring the last several years, but added the company hasn’t concluded how many other jobs will be affected.

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