After recently announcing a corporate hiring freeze, industry behemoth Amazon has announced their plan to lay off 10,000 employees as part of a massive cost-cutting and restructuring measure.
As per the New York Times, this layoff would represent less than 1% of the workforce of an organisation that employs over 1.6 million globally.
The job cuts will target the devices group, including the one responsible for the Alexa voice assistant, along with the retail division and human resources, NYT reported citing anonymous sources.
Amazon, after a months-long review, has cautioned employees in some unprofitable units to look for other opportunities within the company, the Wall Street Journal reported.
The world’s largest online retailer has spent much of this year adjusting to a sharp slowdown in e-commerce growth as shoppers resumed pre-pandemic habits. Amazon delayed warehouse openings and froze hiring in the retail group.
Amazon’s CEO Andy Jassy and his team have vowed to streamline the operations amid the uncertainty over economic recession.
