A source with knowledge of the matter claims that Amazon.com Inc. is going to make its largest such reduction to date by letting go of about 10,000 employees in corporate and technical jobs starting this week.
About 3% of Amazon’s corporate workforce would be affected by the changes, which were first reported. As Amazon’s businesses evaluate their objectives, the precise number might change.
The online retailer intends to remove positions in its devices division, which creates voice-controlled “Alexa” gadgets and home security cameras, as well as in its human resources and retail departments, the source added. Uncertain was the timing of Amazon’s personnel notification.
The insider blamed Amazon’s and other companies’ uncertain macroeconomic situation for the cut.Following years of swift hiring, the technology industry has experienced a wave of layoffs and is now apprehensive of a recession.
The parent company of Facebook, Meta Platforms Inc., only last week disclosed plans to cut costs by 13% by removing more than 11,000 positions.The traditionally prosperous holiday season is expected to see a dip in sales growth, according to Seattle-based Amazon.
In a conference call with reporters last month, Chief Financial Officer Brian Olsavsky stated that the company was continuing to struggle with high inflation and energy costs and that it was beginning to see signs of tighter household budgets for shopping.Since then, it has said that it will temporarily halt all corporate employment.
