E-commerce giant Amazon is planning to lay off 10,000 employees in its corporate and technology departments beginning this week in what would the largest job cut in the company’s history, reported The New York Times, citing those familiar with the developments.
The layoffs will focus on Amazon’s devices organisation, which deals with products like voice assistant Alexa, as well as its retail division and human resources. Amazon is likely to roll out the layoffs team by team rather than all at once
Sacking 10,000 employees would roughly represent 3% of the company’s corporate employees and less than 1% of its global workforce of nearly 16 lakh, according The New York Times.
Several other technology companies have also announced layoffs over the last few weeks.
Last week, Twitter had said it has laid off 50% of its workers across the world after Tesla founder Elon Musk took over the microblogging platform on October 27. In the same week, Meta Chief Executive Officer Mark Zuckerberg had announced firing over 11,000 employees, reducing the company’s staff strength by 13%.
Lyft, Stripe, Snap and other tech firms have also laid off workers in recent months.
Also read:
Why Mark Zuckerberg can fire 11,000 workers but Meta’s shareholders cannot sack him
Amazon had made record profits in the coronavirus pandemic as consumers opted for online shopping…
