the tech industry is feeling one of its worst slumps in years following landmark profits right after the pandemic. Now, some of the industry's biggest hitters are laying off massive numbers of employees including Microsoft amazon and even another round of staff, Ed Elon musk's twitter and Microsoft, they recently announced the layoffs of some 10,000 employees or the Associated Press reports is around 5% of their total employee. The company experienced *** large hiring Period due to the pandemic, with *** spokesperson for Microsoft saying that demand for its workplace software and cloud computing services led to *** quote over exuberance in hiring and that this was simply scaling that back. Meanwhile, Amazon has just let go of perhaps the largest number of employees in the industry laying off some 18,000 workers via email. The letter began with quote. Unfortunately, your role has been eliminated and added that our primary mode of communication will be through internal email on your non amazon device. But at Elon musk's twitter, *** company that had already reduced its staff by more than half another round of layoffs is happening. Even though they said they were done, 50 workers are on track to be let go. But Insider reports that many speculate many international offices will soon close, bringing the number employed there to under 2000, *** fewer number of employees working at twitter since before it went public in 2013
Amazon pauses construction on 2nd headquarters in Virginia
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Updated: 12:38 PM CST Mar 3, 2023
Amazon is pausing construction of its second headquarters in Virginia following the biggest round of layoffs in the company’s history and shifting landscape of remote work.The Seattle-based company is delaying the beginning of construction of PenPlace, the second phase of its headquarters development in Northern Virginia, said John Schoettler, Amazon’s real estate chief, in a statement. He said the company has already hired more than 8,000 employees and will welcome them to the Met Park campus, the first phase of development, when it opens this June."We're always evaluating space plans to make sure they fit our business needs and to create a great experience for employees, and since Met Park will have space to accommodate more than 14,000 employees, we've decided to shift the groundbreaking of PenPlace (the second phase of HQ2) out a bit," Schoettler said. He also emphasized the company remains "committed to Arlington" and the local region, which Amazon picked – along with New York City – to be the site of its new headquarters several years ago. More than 230 municipalities had initially competed to house the projects. New York won the competition by promising nearly $3 billion in tax breaks and grants, among other benefits, but opposition from local politicians, labor leaders and progressive activists led Amazon to scrap its plans there.In February 2021, Amazon said it would build an eye-catching, 350-foot Helix tower to anchor the second phase of its redevelopment plans in Arlington. The new office towers were expected to welcome more than 25,000 workers when complete. Amazon spokesperson Zach Goldsztejn said those plans haven't changed and the construction pause is not a result – or indicative of – the company's latest job cuts, which affected 18,000 corporate employees.The job cuts were part of a broader cost-cutting move to trim down its growing workforce amid more sluggish sales and fears of a potential recession. Meta, Salesforce and other tech companies – many of which had gone on hiring binges in the past few years – have also been trimming their workforce.Amid the job cuts, Amazon has urged its employees to come back to the office. Last month, Amazon CEO Andy Jassy said the company would require corporate employees to return to the office at least three days a week, a shift from the prior policy that allowed leaders to make the call on how their teams worked. The change, which will be effective on May 1, has ignited some pushback from employees who say they prefer to work remotely.Goldsztejn said the company is expecting to move forward with what he called pre-construction work on the construction in Virginia later this year, including applying for permits. He said the final timing for the second phase of the project is still being determined. The company had previously said it planned to complete the project by 2025.
Amazon is pausing construction of its second headquarters in Virginia following the biggest round of layoffs in the company’s history and shifting landscape of remote work.
The Seattle-based company is delaying the beginning of construction of PenPlace, the second phase of its headquarters development in Northern Virginia, said John Schoettler, Amazon’s real estate chief, in a statement. He said the company has already hired more than 8,000 employees and will welcome them to the Met Park campus, the first phase of development, when it opens this June.
"We're always evaluating space plans to make sure they fit our business needs and to create a great experience for employees, and since Met Park will have space to accommodate more than 14,000 employees, we've decided to shift the groundbreaking of PenPlace (the second phase of HQ2) out a bit," Schoettler said.
He also emphasized the company remains "committed to Arlington" and the local region, which Amazon picked – along with New York City – to be the site of its new headquarters several years ago. More than 230 municipalities had initially competed to house the projects. New York won the competition by promising nearly $3 billion in tax breaks and grants, among other benefits, but opposition from local politicians, labor leaders and progressive activists led Amazon to scrap its plans there.
In February 2021, Amazon said it would build an eye-catching, 350-foot Helix tower to anchor the second phase of its redevelopment plans in Arlington. The new office towers were expected to welcome more than 25,000 workers when complete. Amazon spokesperson Zach Goldsztejn said those plans haven't changed and the construction pause is not a result – or indicative of – the company's latest job cuts, which affected 18,000 corporate employees.
The job cuts were part of a broader cost-cutting move to trim down its growing workforce amid more sluggish sales and fears of a potential recession. Meta, Salesforce and other tech companies – many of which had gone on hiring binges in the past few years – have also been trimming their workforce.
Amid the job cuts, Amazon has urged its employees to come back to the office. Last month, Amazon CEO Andy Jassy said the company would require corporate employees to return to the office at least three days a week, a shift from the prior policy that allowed leaders to make the call on how their teams worked. The change, which will be effective on May 1, has ignited some pushback from employees who say they prefer to work remotely.
Goldsztejn said the company is expecting to move forward with what he called pre-construction work on the construction in Virginia later this year, including applying for permits. He said the final timing for the second phase of the project is still being determined. The company had previously said it planned to complete the project by 2025.
