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Amazon set to start new spherical of layoffs affecting over 18,000 individuals

Amazon set to start new spherical of layoffs affecting over 18,000 individuals

2023-01-18 08:52:25

The Amazon Spheres, a part of the Amazon headquarters campus, proper, within the South Lake Union neighborhood of Seattle, Washington, U.S., on Sunday, Oct. 24, 2021.

Chona Kasinger | Bloomberg | Getty Photographs

Amazon on Wednesday will start a recent spherical of job cuts in what’s anticipated to change into the biggest workforce cuts in its 28-year historical past.

Earlier this month, CEO Andy Jassy said the layoffs would have an effect on greater than 18,000 workers, primarily in its human sources and shops divisions. Amazon mentioned in November it was trying to lower employees, together with in its gadgets and recruiting organizations. CNBC reported on the time that the corporate was trying to lay off about 10,000 workers.

Amazon is trimming its head depend after it went on a hiring spree throughout the Covid-19 pandemic. The corporate’s international workforce swelled to greater than 1.6 million by the top of 2021, up from 798,000 within the fourth quarter of 2019.

The corporate can be confronting slowing gross sales development, rising bills and a worsening financial outlook. Along with the layoffs, Amazon has carried out a hiring freeze throughout its company workforce, slowed its warehouse enlargement, and shuttered some experimental tasks, together with its telehealth service and a unusual, video-calling projector for teenagers.

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Amazon is not the one tech firm making cuts to its workforce. Firms together with Salesforce, Meta and Twitter have made sweeping reductions to their head counts amid a deepening financial downturn.

WATCH: Tech layoffs mount as Amazon announces it’s cutting another 18,000 jobs

Tech layoffs mount as Amazon announces it's cutting another 18,000 workers

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