Amazon, in turn, may lay off several thousand employees. More than 10,000 employees will be affected, which is 3% of wages.
According to The New York Times, Amazon could announce a major wave of layoffs in the coming days. The company even planned to part ways with approximately 10,000 employees. Teams around client devices will be hit the hardest. The American giant employs about 1.5 million people worldwide. If the company proceeds with this layoff plan, the paper reports, it will affect about 3% of its current payroll and mark the largest reorganization in Amazon’s nearly 30-year history.
Amazon, in turn, may lay off several thousand employees
In recent weeks, many technology companies in the United States and other countries have been implementing massive layoff plans. On Nov. 9, Facebook’s parent company, Meta, parted ways with roughly 13% of its payroll, causing more than 11,000 people to be laid off at the social media giant. Prior to this, Twitter was largely wiped out after Elon Musk ordered a 50% reduction in the company’s staff. The company also parted ways with its contractors this weekend. Smaller companies like Lyft and Snap have been laying off employees in recent months.
More than 10,000 employees will be affected, 3% of wages.
For Amazon, these layoffs are the result of a very changing future for the company. Thanks to containment measures put in place at the start of the pandemic, the retail giant posted record growth and recruited a huge number of employees, doubling its payroll. However, the company has shown slow growth in recent months due to several factors, including operating expenses and a resumption of in-store purchases. The American giant recently posted a $2 billion loss and announced a hiring freeze at its offices.