The company plans cuts in its corporate and technology sector starting this week: Report
Amazon plans to cut over 10,000 jobs globally according to a report from Euronews on Tuesday, November 15. The report states that the job cuts which are intended for the corporate and technology sectors of the company.
The layoff focused on the company’s e-commerce giant’s devices unit, which includes Alexa as well as its retail and human resources division, and it will be the largest downsizing in its history.
The report states that Amazon founder and billionaire Jeff Bezos has issued a warning that he believed that U.S. is going into a recession. He has also issued a warning that people and corporations should “batten down the hatches”, the report adds.
The job cuts, the report states, will result in the laying off over 3 percent of Amazons corporate staff, which is less than 1 percent of amazons global workforce. According to the report, Amazon employed about 1,608,000 full-time and part-time employees until December 2021. The company had also stopped hiring more people after issuing a statement that they had over hired staff during the COVID 19 pandemic.
The job cuts in Amazon come at a time when other tech companies are also firing their employees. According to the report, last week, social media giant Facebook also announced that they will be cutting over 13 percent of their workforce. Meanwhile, Twitter also recently announced that it had cut half of its workforce by over 7500 people.
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