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Amazon freezes company hiring, citing ‘unsure’ financial system

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Amazon introduced Nov. 3 that it’s pausing “new incremental” hires for its company workforce in response to an “unsure” financial system.

“We anticipate protecting this pause in place for the subsequent few months, and can proceed to observe what we’re seeing within the financial system and the enterprise to regulate as we predict is sensible,” Beth Galetti, senior vice chairman of individuals expertise and know-how, mentioned in a be aware to workers printed by Amazon.

Amazon mentioned it’s going to nonetheless rent to exchange individuals who depart and that it might proceed to rent incrementally in sure, focused areas, although the corporate typically will give attention to present operations.

“With fewer individuals to rent this second, this could give every staff a chance to additional prioritize what issues most to clients and the enterprise, and to be extra productive,” Galetti mentioned.

CHROs mentioned in a latest PwC survey that they anticipate to take varied workforce discount measures within the subsequent six months on account of considerations about recession, together with layoffs and hiring freezes.

Different research have proven that a give attention to hiring over retention could also be unhealthy for organizations in the long term — and a looming recession might not be a nasty time to give attention to retention methods the place accessible. In reality, some employers are shifting to a “labor hoarding” mannequin to keep away from the expertise battle that befell after mass layoffs in 2008. 


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