The economy is not doing so well. Many companies have begun implementing new layoffs of workers amid rising inflation. This is a gut punch to folks living paycheck-to-paycheck and very much in need of these jobs.

Due to the volatile nature of the economy, there is no telling how much longer things will remain as they are today. If the Federal Reserve continues to raise interest rates, though, the negative domino effect could very well persist.

Many Americans are on edge and rightfully so. New information has just revealed that Amazon is planning to lay off thousands of workers in the weeks ahead.

What to know about upcoming Amazon layoffs

This past Monday, Amazon's CEO revealed upcoming changes being made to the company. These changes will specifically entail dismissals for workers in Amazon's divisions of advertising, human resources, and cloud computing.

In this memo, CEO Andy Jassy stressed the present "uncertainty" the nation's economy is facing. He furthermore said the company is transitioning to being "leaner" while also making investments that fulfill the needs of its customer base.

This upcoming round of layoffs arrives despite Amazon already cutting past workers loose within recent months. It would appear the company is cleaning house and working hard to protect its bottom line from falling by the wayside.

In spite of this, Amazon's CEO remains confident that the company's web services and retail divisions will continue doing well.

Other employment alternatives

Given the volatile and unpredictable economy, now is an excellent time for Americans to begin diversifying their income streams. Thankfully, the rise of the gig economy makes this very much possible.

Americans can consider rideshare work, such as driving for Lyft and Uber. This can be profitable, especially on the weekends, when the demand for transportation is higher.

Likewise, they can consider delivering food and/or groceries for apps like UberEats, Instacart, Grubhub, DoorDash, etc. With the rise of remote work also comes a rise in people (or companies) wanting to order in food.

As the economy changes, everyone is going to have to get more flexible and be willing to adapt as needed.