Amazon plans to lay off approximately 10,000 people starting as early as this week, according to a report in The New York Times and CNBC. The dismissals would be the largest job cuts in the company's history. It's the latest tech company to have lay offs.
Twitter, Meta, Lyft, Stripe, and Snap are just some of the tech companies announcing layoffs in recent months.“Amazon is going to be leaving this decision to individual division leaders,” Bishop explained. “Right now it looks like the biggest impact will be on the devices division, retails operations, and human resources.”
A representative from Amazon did not immediately respond to requests for comment. and its Twitter feed did not have any news of layoffs. “In the grand scheme of things, 10,000 employees is not a large percentage of Amazon workers,” Bishop said. “But, in this region given the number of people who will get laid off, it’s a very big deal.”
The holiday shopping season is critical for Amazon. Usually, the company increases its workforce late in the year. Amazon CEO Andy Jassy is known to be in cost-cutting mode. Amazon reported 798,000 employees at the end of 2019 but had 1.6 million full and part-time employees as of Dec. 31 2021, a 102% increase.
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