In the wake of massive Twitter and Facebook cuts, Jeff Bezos’ Amazon is the next big tech company to make tough downsizing decisions; the online retail giant plans to cut more than 10,000 employees from its smart device, retail, and HR divisions.
The cuts would be approximately 1% of Amazon’s global workforce.
From The New York Times:
The cuts will focus on Amazon’s devices organization, including the voice-assistant Alexa, as well as at its retail division and in human resources, said the people, who spoke on condition of anonymity because they were not authorized to speak publicly.
The total number of layoffs remains fluid. But if it stays around 10,000, that would represent roughly 3 percent of Amazon’s corporate employees and less than 1 percent of its global work force of more than 1.5 million, which is primarily composed of hourly workers.
Amazon’s planned retrenchment during the critical holiday shopping season — when the company typically has valued stability — shows how quickly the souring global economy has put pressure on it to trim businesses that have been overstaffed or underdelivering for years.
More over at The New York Times:
Breaking News: Amazon plans to lay off approximately 10,000 people starting as soon as this week, in what would be the largest cuts in the company’s history. https://t.co/YP89YdPQV2
— The New York Times (@nytimes) November 14, 2022