Amazon plans to lay off 10,000 people in coming days

Amazon, the world’s largest technology company, intends to lay off 10,000 workers in the coming days. Amazon will reduce its workforce in the same way that Twitter and Facebook have. According to reports, Amazon will lay off nearly 10,000 employees in corporate and technology jobs beginning this week.

Furthermore, the reports said, these 10,000 people represent roughly 3% of Amazon’s employees and less than 1% of its global workforce of more than 1.5 million including hourly workers. This employment reduction will focus on mainly Amazon’s devices organization, including the voice assistant Alexa as well as its retail division and Human resources. 

The reports said the layoffs at Amazon also come on the day its founder Jeff Bezos told CNN that he is planning to give away the majority of his 4124 billion net worth to charity within his lifetime. From April to September, the tech giant reduced its employees by approximately 80,000 people. Even Amazon stopped the hiring process for many smaller teams. 

Also Visit : Hyderabad will have direct flights to 3 Vietnam cities from October

According to the reports of the New York Times, after the Covid 19, pandemic years which saw exponential growth in online consumer spending, Amazon’s growth slowed down to the lowest rate in two decades. Even Amazon has shut down several of its initiatives, including Amazon Care, which provided primary and urgent health care after it failed to find enough customers, and Scout, the cooler-size home delivery robot, that employed 400 people, and Fabric.com, a subsidiary that was selling sewing supplies for three decades. For Amazon, Devices and Alexa have long been seen internally as at risk for a reduction in employees. 

From 2017 to 2018, Amazon doubled its staff for Alexa and Echo devices to 10,000 engineers. At the same time if any engineer getting a job offer for Amazon roles was supposed to also get an offer from Alexa. 

Also Visit : 15+ Things to know about Hyderabad’s latest landmark, Police Command Centre

For Latest News Updates Visit HYD7AM.COM

Related Posts

Google will shock the employees

It is known that employees of Twitter, Meta and Amazon have been fired. Google recently joined this list. It is reported that Google has decided to lay…

Paytm shares fell heavily

Paytm’s shares fell sharply. Paytm parent One97 Communications tumbled 11% in Tuesday’s trading to close at Rs 474. Paytm, which went for IPO in November last year,…

India is one of the fastest growing countries

According to the Organization for Economic Cooperation and Development, India is one of the fastest growing countries in Asia. According to the OECD, India will register a…

Indian economy to reach 40 trillion dollars

Mukesh Ambani made interesting comments on the Indian economy. He said that the economic growth and opportunities of the country will increase in the period of 2022-2047….

Update about UPI transactions

It is reported that restrictions will soon be imposed on the transactions currently going on from popular UPI payment apps Google Pay, Paytm, Phone Pay and other…

Everything you need to know about the Twitter

Twitter is an online news and social networking site where users share short messages known as tweets. Twitter is an online news and social networking site where…

Leave a Reply

Your email address will not be published.