Amazon to Lay Off Thousands More in HR and Retail Divisions
Amazon is preparing to lay off thousands of employees next week, targeting its human resources and retail divisions, according to a CNBC report. This marks a significant escalation of the tech giant’s ongoing cost-cutting measures.
Key Details of the Planned Layoffs
- The cuts are expected to impact roughly 3% of Amazon’s corporate workforce.
- With approximately 300,000 corporate employees, this translates to around 9,000 jobs.
- The announcement could come as early as next week.
This new wave follows Amazon’s earlier announcement to eliminate about 10,000 positions, primarily in its devices and books divisions. CEO Andy Jassy had communicated these plans in a memo to staff, noting that voluntary severance packages would be offered to some.
Broader Context of Cost-Cutting
The layoffs come as Amazon contends with a pronounced slowdown in its core e-commerce business and a challenging economic climate. The company’s stock has plummeted nearly 50% this year.
Beyond workforce reductions, Amazon is trimming expenses elsewhere, including shutting down some warehouses and postponing the launch of new facilities.
Part of a Wider Tech Trend
Amazon is not alone in its restructuring. The tech sector is witnessing widespread job cuts, with major players like , Twitter, and Microsoft also announcing significant layoffs in recent months.
