Source: Work at Amazon
Most employees think this is just a form of layoff without severance, and many people are openly calling out the fact that the STeam are openly showing their contempt for their own workers with these actions, in a way that few companies have demonstrated.
Despite this... it's Amazon. They've always shown contempt for their own workers through a culture that promotes stack ranking. The difference this time around is that it's affecting a lot of people at once.
Lots of people are going to leave, and Amazon don't give a fuck. They want them gone, they want costs to be reduced, and they will replace who they need to with people that will support these changes.