The number of layoffs is subject to change and is likely to be rolled out gradually, group by group.
Amazon intends to lay off 10,000 workers due to negative forecasts for the company’s future earnings. The New York Times reported it.
As the edition notes, the downsizing will begin this week. The layoffs will affect developers (including the Alexa voice assistant), retail and HR employees.
Amazon admitted that in total it could affect about 3% of Amazon’s corporate employees and less than 1% of its global workforce of more than 1.5 million people.
As The New York Times points out, Amazon will lay off workers that the company’s management recently fought against.
The e-commerce giant more than doubled the cash limit for its tech employees this year, citing a particularly competitive job market.
Last month, the world’s largest online retailer forecast relatively weak growth over the next three months, which is typically the busiest Christmas period.
The unfavorable forecast appeared simultaneously with the increase in operating costs. Spending reached $355.3 billion in the nine months of this year, compared to $311 billion in the same period last year.
Recall that Meta, which owns the social network Facebook, will lay off more than 11 thousand employees as part of a massive layoff program.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.