Economic Insider

April 2023 Job Cut News: Company Updates & Statements

The year 2023 has been a tumultuous one for the global economy, with the COVID-19 pandemic still wreaking havoc on businesses and industries around the world. As a result, many companies have had to take drastic measures to stay afloat, including laying off employees. In this article, we will explore the latest on which companies have announced job cuts in April 2023.


Amazon, the world’s largest online retailer, has announced that it will be laying off 9,000 workers in addition to the cuts made last year. The company has cited a decrease in demand for its services as the reason for the layoffs. The workers affected are mainly delivery drivers and logistics staff, and the layoffs are expected to take place over the next few months.


The big media company has announced that they will be removing about 180 employees, which is about 15% of their workforce. This follows after the decision to shut down their news division, BuzzFeed News which could no longer be funded as a standalone.


In e-commerce, Shopify has announced that they will be reducing their workforce by 20%. This follows after the 10% reduction that happened in July 2022. By removing 20%, about 2000 employees at Shopify stand to lose their jobs. In addition to this, Shopify has sold their logistics to Flexport for 13% equity.


Following the layoff of 700 people last November, the transportation company is now eyeing to remove 1000 more people—equivalent to a quarter of their overall workforce. Fortunately, their drivers do not have to worry as they are not included in this supposed layoff.

Best Buy

Retail workers at Best Buy are affected by major layoffs. From 125,000 workers in early 2020, there are now only about roughly 90,000 workers left across the US and Canada. These cuts were made as a result of the company prioritizing their e-commerce operations and sales over brick-and-mortar stores.


CEO Chris Hyams releases an unfortunate statement, announcing the news to the employees of Indeed last March 2023. In the statement, it was declared that about 2,200 of their workers would be laid off and details the compensation and benefits for those affected. This decision was made in light of the slowing job market, which is an impact of the pandemic.


Despite receiving endless praise due to their firm stance of preventing job cuts, Apple has finally given in to the trend, removing a small portion of their retail workers. Fortunately, for Apple employees, the layoffs were kept to a very small and minimal number.


Following the controversial layoffs that happened at the company last fall, which reduced their workforce by more than 50%, more job cuts are anticipated to follow. Although the expected job cuts are only at 200, a much smaller number than before, many are still surprised at the continuing cuts of this social media giant.


The COVID-19 pandemic continues to have a significant impact on businesses and industries around the world, with many companies having to take drastic measures to stay afloat. The latest job cuts announced by Amazon, Best Buy, Apple, and all those mentioned above are just a few examples of the difficult decisions that companies are having to make. As the pandemic continues, it is likely that we will see more companies announcing job cuts in the coming months.

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