Amazon’s retail business is locking down its hiring budget.
According to an internal email, this major part of the company will keep a “flat headcount opex,” or operating expenses, this year compared to 2024. Headcount operating expense refers to employee salaries plus their stock-based compensation, the email noted.
The update was shared earlier this year by a finance leader in Amazon’s retail unit. This executive explained that any increase in the hiring budget will be “scrutinized” and require “strong supporting reasons.” Business Insider obtained copy of the email.
The retail business is also shifting from managing “opex targets versus headcount targets,” according to the email. That likely means managers now have a strict predefined budget allocated to their teams, instead of specific headcount targets when hiring.
Read more about the changes on BI: https://lnkd.in/dj6e5PVQ
(Credit: REUTERS)