Stock Markets 1 hour ago (Oct 04, 2022 01:58PM ET)
© Reuters. Amazon (AMZN) to Freeze Corporate Hiring – The New York Times
By Sam Boughedda
Amazon (NASDAQ:) will freeze corporate hiring in its retail business for the rest of the year, The New York Times reported Tuesday.
An internal announcement seen by the publication is said to state that recruiters were told the tech giant was pausing hiring for all of its corporate roles, including technology positions, as it becomes the latest tech firm to slow hiring in the face of economic uncertainty. Other jobs impacted are in Amazon’s stores business globally and accounts for the majority of Amazon’s sales.
However, the NYT added that Amazon’s cloud computing unit, which is more profitable than its retail business, will not be impacted. In addition, roles, including student hiring and field positions, are said to not be included in the freeze.
The NYT claims the email it has seen explains to recruiters that they should tell job candidates that the company was not in a hiring freeze, adding that all open job requests should be closed in the coming days, with new spaces available early in 2023. The report states that candidates who have interviews scheduled before October 15 can still receive job offers but will be unable to start until next year.
Amazon told the NYT that it has many “different businesses at various stages of evolution, and we expect to keep adjusting our hiring strategies in each of these businesses at various junctures.”