- Amazon.com Inc’s AMZN cloud unit plans to add employees next year and keep building new data centers.
- Matt Garman, a senior vice president overseeing Amazon Web Services sales and marketing teams, said he expected his organization and the wider AWS business to add staff in 2023, Bloomberg reports.
- “I anticipate that we actually will add some more headcount next year,” Garman said in an interview on the sidelines of AWS’s re: Invent conference in Las Vegas. “Our business is still growing rapidly.”
- Also Read: Google Cloud Managers Likely To Be Hit By Pay Cuts As Deal Growth Dries Up
- Amazon instituted hiring curbs across corporate groups, pausing recruiting except in certain areas or with executive approval.
- The company also plans to cut about 10,000 jobs.
- Sales in Amazon’s cloud unit, the largest provider of rented data storage and computing power, totaled $20.5 billion during the three months that ended in September, up 27%.
- AWS has long been a profit engine, sometimes accounting for the parent company’s operating income.
- But as growth in that business moderates, some have questioned the pace of Amazon’s investment in the cloud.
- “We’ll moderate our data center growth when the demand moderates,” Garman said in the interview. “We have a lot of supply chain models that tell us to keep building data centers, so we’re gonna keep building them.”
- Price Action: AMZN shares traded higher by 0.35% at $92.74 premarket on the last check Wednesday.
- Photo by Tony Webster via Flickr
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