Amazon freezes corporate hiring budget for its main retail business

At present’s US jobs report calmed nerves however there are nonetheless some darkish clouds on the horizon. Enterprise Insider right this moment experiences that Amazon has frozen its hiring funds for its primary retail enterprise, citing inside emails.

The modifications solely apply to company staff, not these working in warehouses or the cloud computing division. Nevertheless it does apply to Amazon’s on-line market, its logistics arm and grocery enterprise.

In keeping with BI:

The corporate doubled its workforce to 1.6 million from 2019 to 2021, however
that quantity dipped to 1.55 million final 12 months. Amazon has minimize no less than
27,000 staff since late 2022.

I’m wondering if it is a signal of the larger financial image: There aren’t layoffs however hiring stalls.