Amazon to lay off 10,000 workers this week

Amazon to lay off 10,000 workers this week

This would be the largest cut in the company’s history and would represent about 3% of Amazon’s corporate employees and less than 1% of its global workforce of more than 1.5 million.

The technology giant Amazon – where around 1.5 million people work and one of the largest employers in the US – plans to lay off approximately 10,000 workers starting this week, The New York Times reported.

This would be the largest cut in the company’s history and would represent about 3% of Amazon’s corporate employees and less than 1% of its global workforce of more than 1.5 million.

The cuts will focus on Amazon’s device organization, including the Alexa voice assistant, as well as its retail division and human resources, noted the sources, who spoke to the outlet on condition of anonymity.

Online shopping giant Amazon said two weeks ago that it had decided to pause corporate hiring because the economy was “in an uncertain place.”

“We will maintain this pause for the next few months and continue to monitor what we are seeing in the economy and in the business to make the necessary adjustments,” Beth Galetti, vice president of the People and Technology Experience section, said in a statement.

She is curious that this potential cut comes so close to the holiday shopping season, when the online shopping giant generally values ​​stability.

If the layoffs happen, Amazon would be the latest company to join the long list of technology companies that opted for massive layoffs.

This month, Meta -the parent company of Facebook, Instagram, WhatsApp and Messenger- announced that it will lay off 11,000 workers, 13% of its workforce; Elon Musk, the world’s richest man and the new owner of Twitter, has laid off half of his staff of some 7,500 people worldwide.

While chauffeur-driven car-sharing company Lyft said it would cut 13% of its employees and Stripe, a payment processing platform, said it would cut 14% of its employees, roughly 1,100 jobs.

Melissa Galbraith
Melissa Galbraith is the World News reporter for Globe Live Media. She covers all the major events happening around the World. From Europe to Americas, from Asia to Antarctica, Melissa covers it all. Never miss another Major World Event by bookmarking her author page right here.