Amazon Lay Off Thousands Of Employees 2022

Amazon person familiar with the situation on Monday, Amazon is going to make its largest such reduction to date by letting go of about 10,000 people in business and technical roles starting this week.

The layoffs, as the New York Times reported previously, would impact around 3% of Amazon’s corporate employees. As Amazon’s divisions assess their objectives, the exact amount can change, the source told Reuters.

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According to the source, the online retailer intends to cut positions in its devices division, which creates “Alexa” voice-controlled gadgets and home security cameras, as well as in its human resources and retail departments. Unknown was when Amazon should contact the personnel.

The insider blamed Amazon’s and other companies’ uncertain macroeconomic situation for the cut.

Following years of swift hiring, Amazon Lay Off Thousands Of Employees the technology industry has experienced a wave of layoffs and is now apprehensive of a recession. Just last week, Facebook parent company Meta Platforms announced it would reduce expenses by 13% by eliminating more than 11,000 jobs.

Amazon Lay Off Thousands Of Employees

The traditionally prosperous holiday season is expected to see a dip in sales growth, according to Seattle-based Amazon.

In a conference call with reporters last month, Chief Financial Officer Brian Olsavsky stated that the company was continuing to struggle with rising inflation and energy expenses and that it was beginning to see symptoms of tighter household budgets for purchasing.

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