Profile and history of Amazon, which will lay off 18,000 employees

Posted On: January 5, 2023

Jakarta: A Giant Tech Company Amazons reportedly laid off more than 18,000 company employees.

This was revealed by Amazon CEO Andy Jassy in a memo to staff on Wednesday, January 4, 2022 local time.

According to the Variety report, the layoffs will occur across multiple teams, but the majority of employees affected are those who work in Amazon stores as well as in the People, Experience and Technology divisions.

What is the story of Amazon becoming the global tech giant?

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Amazon.com, Inc. is a giant corporation doing business on the world’s largest retail site.

Everything is loaded and sold there. From apparel, electronics, health sundries, household appliances, beverages, up to Web hosting CDNs (content delivery networks). In fact, in the past, Amazon only sold books.

Jeff Bezos, founder of Amazon in 1994, started his business in his garage in Seattle. He works with publishers and sells books in various US states. Then in 1995, Jeff Bezos started building his business online and Amazon.com was born. Amazon is the name that Jeff Bezos chose because it represents the largest river in the world.

Two months after the launch, Amazon managed to sell its products in 50 cities in 45 US states. Then, the following month, the company saw sales of up to $20,000 each week.

Seeing very promising business prospects, in the same year, namely 1995, Amazon started offering shares to the public. Then two years later, on May 15, 1997, Amazon officially went public.

Nick Hanauer was the first investor, who invested 40,000 USD in capital.

The following year, Amazon moved beyond just selling books, the company ventured into DVDs and launched the Advantage program. Over time, Amazon has continued to grow its business, and Jeff Bezos has made all sorts of efforts and collaborations to pamper consumers.

Unattractive appearance on website Amazon has changed. Amazon also offers interesting programs such as 1-ClickTM which allows consumers to buy online online One-Click, Amazon.com, Amazon Web Services, Amazon Wedding, Amazon Connect, Amazon Simple Storage Service (S3), Endless.com, and Amazon Unbox on TiVo.

Currently, the company headquartered in Seattle, Washington, USA, has opened many branch offices around the world, such as Canada, France, India, Spain, Italy, China, the Netherlands, Japan, Brazil, Sweden and other countries. The first branches released were in England and Germany.

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(ANN)