Amazon has joined the list of tech giants that have frozen their hiring plans, the firm would “halt” hiring at its corporate offices for a few months. There won’t be any big expansion very soon, but the internet giant will continue to replace departing personnel and hire new people in “selected regions,” according to Galetti.

Amazon, like other businesses, cited a “unusual macro-economic climate” as the reason for its decision to freeze. To put it another way, the company doesn’t want to spend excessive amounts of money expanding its personnel during a time of financial hardship. Amazon will continue to seek out a “substantial number” of corporate employees in 2023, according to Galetti, but the online retailer will monitor the economy and make adjustments when they “make sense.” Amazon declined to speak further. In order to keep up with a surge in online sales, it aggressively employed during the height of the pandemic, but this year it struggled with a return to in-person shopping as well as rising costs. During the second quarter (April through June), the corporation reported a $2 billion loss and slashed 99,000 positions, many of them warehouse workers. Additionally, it postponed the launch of a few facilities. It temporarily stopped making corporate hires for its retail sector at the beginning of October.

The suspension comes months after well-known companies like Apple, Google, and NVIDIA reportedly curtailed their hiring efforts and weeks after Meta apparently stopped all hiring altogether. Some businesses are implementing further reductions; Lyft just announced that it will be letting go of 700 employees, or approximately 13% of its staff, following the elimination of 60 positions in July.