Amazon will pause corporate hiring for month

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 Amazon is pressing pause on corporate hiring and expects to keep the policy in place for months,

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 The e-commerce giant has decided to implement a “pause on new incremental hires in corporate workforce.

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Beth Galetti, senior vice president of people experience and technology at Amazon (AMZN), said in a memo to employees this week. 

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 The letter was shared on Amazon (AMZN)’s website on Thursday.

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 Amazon said We anticipate keeping this pause in place for the next few months, and will continue to monitor what we’re seeing in the economy 

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 Amazon saw its business boom during the pandemic, as more customers turned to online shopping

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 As pandemic restrictions eased, however, Amazon has had to confront the dual challenges of more people returning to in-person shopping 

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Amazon forecast its revenue for the holiday quarter would be lighter than analysts had expected,

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Causing its stock to fall sharply. Shares of Amazon are down more than 45% this year.