Amazon Freezes Staffing Levels for Its Advertising Business to Algin Expenses with Slowing Sales

Per Bloomberg

Amazon will be freezing staffing levels in its advertising business to align its expenses with slowing sales better. The information was given by a familiar source that requested to remain anonymous since the plans were private.

Amazon will fill vacancies for its advertising business, but no new positions will be created. A company spokesperson said, "Amazon continues to have a significant number of open roles available across the company."

Since Oct 27, Amazon shares have dropped 13%. The company froze hiring for corporate roles and had been shutting down or cutting several experimental and smaller programs to reduce its expenses.

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