According to US media reports, the world’s largest online mail order company Amazon is planning its biggest job cuts yet given the bleak economic outlook.
The group plans to start cutting some 10,000 jobs this week. That wrote The New York Times Monday based on insiders. Bloomberg reported this later, according to its own sources. According to information from the Wall Street Journal, “thousands” of jobs are at stake. Amazon initially did not comment.
The group recently had approximately 1.5 million employees worldwide. Before Christmas, for which Amazon often hires reinforcements, the job losses would signal the sudden end of the tech job boom. The line of companies announcing layoffs is getting longer. For example, Facebook and Instagram mother Meta and the online network Twitter, which was taken over by Tesla boss Elon Musk, recently saw real job losses.
According to the reports, the job losses at Amazon will mainly affect the loss-making device division around Echo smart speakers and the Alexa language assistant program. The company had already warned investors about a weak last quarter and decided to stop hiring in early November, given the increased risks of inflation and recession. Amazon is under pressure to cut costs following a spending offensive during the pandemic. The stock has fallen more than 40 percent this year. (sda/dpa)
Soource :Watson
I’m Ella Sammie, author specializing in the Technology sector. I have been writing for 24 Instatnt News since 2020, and am passionate about staying up to date with the latest developments in this ever-changing industry.
