Amazon pauses hiring and ‘will continue to monitor what we’re seeing in the economy,’ internal memo says

Company executives have decided to halt “new incremental hires” for the entire corporate workforce and anticipate the pause to be in place for a few months, Beth Galetti, the senior vice president of people experience and technology, said in a memo posted on Amazon’s website on Thursday.

The company “will continue to monitor what we’re seeing in the economy and the business to adjust as we think makes sense,” Galetti said. “We’re facing an unusual macro-economic environment, and want to balance our hiring and investments with being thoughtful about this economy.”

Depending on the business, Galetti noted Amazon will hire backfills to replace employees who leave the company. In some areas, it will continue to hire people incrementally.

In the past few weeks, Amazon had paused hiring for the corporate side of its retail division and some of its other businesses. The company has also gotten rid of subsidiary fabric.om and shuttered its Amazon Care health service. Galetti said the Seattle-based retail and tech giant still intends to hire a “meaningful number of people” next year.

Amazon’s moves resemble ones made by other companies in the tech sector, which has been hit by inflation, supply chain challenges, and fears and uncertainty surrounding a widely expected recession both in the U.S. and abroad.

Last week, Intel said it would slash costs, cut jobs (possibly thousands), and slow spending on new plants following a disappointing third quarter.