Amazon CEO Says He Doesn’t Regret Hiring Spree as Company Starts Layoffs

Amazon CEO Says He Doesn’t Regret Hiring Spree as Company Starts Layoffs

Amazon com Inc. CEO Andy Jassy said he doesn’t regret the hiring spree the company went on in recent years even as the tech giant is now conducting one of the largest rounds of corporate layoffs in its history. “This year we had the lens of a very uncertain economic environment, as well as having hired aggressively over the last several years,” Mr. Jassy said at the New York Times ’ Dealbook Summit in New York City on Wednesday. The company’s goal has been to go through its businesses “thoughtfully but thoroughly” and avoid compromising on “key long-term” bets, the chief executive said.