Amazon Will Implement Its Largest Round Of Layoffs Ever

IN NEW YORK: According to a story in The New York Times on Monday, Amazon is ready to fire up to 10,000 workers, making the e-commerce powerhouse the most recent digital titan to implement a major redundancy plan.

Without includING seasonal workers who are hired at times of high activity like the holidays, this would equal just under one percent of the group’s overall payroll, which at the end of September had 1.54 million employees worldwide.

The affected roles, according to the Times article, will be found in Amazon’s gadget department, retail division, and human resources.

There was no mention of the distribution per nation.

The final number of layoffs, according to the source, could fluctuate, but if true, they would represent the biggest firing spree in the 28-year-old corporation that Jeff Bezos founded.

The hiring drive would be followed by the layoffs. Amazon increased its employment from the first quarter of 2020 to 1.62 million employees two years later as a result of the coronavirus pandemic’s rise in business and cooped-up people’s fervent shift to online purchasing.

However, due to the weakening economy, Amazon issued a hiring block two weeks ago, and its headcount has already shrunk since the start of the year.

Amazon was contacted by AFP but did not immediately respond to a request for comment.

The parent company of Facebook, Meta, said last week that it will be eliminating 11,000 positions, or around 13 percent of its workforce.

Both the car-hailing service Lyft and the online payment company Stripe recently announced significant layoffs. About half of Twitter’s 7,500 employees were let go earlier this month after Elon Musk recently acquired the company.

Written by Aly Bukshi

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