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Business
Simit Patel

Amazon Announces Layoffs, Internet Speculates of a Bezos Return

Amazon Amazon.com Inc. Internet Jeff Bezos Walmart WMT

Amazon is set to layoff 18,000 workers in its Stores and People, Experience, and Technology divisions, according to a report from MSN. Employees will be contacted about the layoffs beginning on Jan. 18, 2021, and there could be further role reductions in 2023. CEO Andy Jassy has instructed those affected to remain resourceful, inventive and scrappy during this time.

In addition to this news, there has been recent speculation -- entirely unconfirmed -- suggesting that Jeff Bezos could return to Amazon as CEO in 2023. In this article, we'll take a deeper dive into where Amazon stands at the moment.

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