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Amazon in the United States Freezes Hiring for Several Months, Concerned About Economic Slowdown Due to Continued Rate Hikes

[New York Joint] Amazon.com in the United States $Amazon (AMZN.US)$ announced on the 3rd that it will freeze hiring of employees for several months. It has already suspended hiring activities in the retail sector, including its mainstay of internet sales, and will expand employment adjustments to other sectors. They expressed concerns about economic slowdown due to continued rate hikes by the Federal Reserve Board (FRB), saying they are facing an unusual economic environment.

The letter sent by Senior Vice President Galatti, who is in charge of personnel, to employees has been made public. Logistics facilities, which are approaching the busy year-end sales season, are expected to be exempt from hiring freezes.
Amazon's net profit for the July-September quarter of 2022 decreased by 9% compared to the same period last year, highlighting the deceleration in growth.
Author: Kyodo News
Last updated: 11/4 (Friday) 14:47
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