Breaking: Amazon will lay off a total of more than 17,000 employees, a higher number than initially planned, people familiar with the matter say
The rest of the cuts will bring the total number of layoffs to more than 17,000 and will be made over the coming weeks, some of the people said. As of September, Amazon employed 1.5 million people, with a large percentage of them in its warehouses. The layoffs are concentrated in the company’s corporate ranks, some of the people said.as customers flocked to online shopping.
The rush to Amazon’s various businesses, from e-commerce to groceries and cloud-computing, pushed forward years of growth for the company. To keep up with demand, Amazon doubled its logistics network and added hundreds of thousands of employees., Amazon initiated a broad cost-cutting review to pare back on units that were unprofitable, the Journal reported.
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