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Home / World News / Amazon Plans To Lay Off 10,000 …

Amazon Plans To Lay Off

10,000 Employees As Losses
Mount: Report
Amazon has asked employees in unprofitable units
to look for other opportunities within the company,
the Wall Street Journal reported.

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World News Edited by Abhimanyu Kulkarni

Updated: November 14, 2022 11:41 pm IST

New Delhi: Amazon is planning to lay off

thousands of employees and implement cost-
cutting measures as the last few quarters
haven't been profitable, according to reports.
The company could fire as many as 10,000
employees starting as soon as this week,
reports New York Times.

If the total number of layoffs stays around

10,000, it would be the biggest layoff in the
history of Amazon. It would represent less than
1 per cent of the workforce of a company 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.

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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 report comes just weeks after the e-

commerce giant warned of a slowdown in
growth for the busy holiday season, a period
when it used to generate the highest sales.
Amazon said this was because consumers and
businesses have less money to spend due to
rising prices.

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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 Chief Executive Officer Andy Jassy has

vowed to streamline operations amid slowing
sales growth and economic uncertainty.

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The Alexa division has long been vulnerable to

downsizing because the group's voice-
activated devices have yet to become must-
have gadgets and often wind up in consumers'
closets.

After experiencing its “most profitable era on

record” during the COVID-19 pandemic years,
which saw exponential growth in online
consumer spending, “Amazon's growth slowed
to the lowest rate in two decades, as the
bullwhip of the pandemic snapped,” the NYT
report said.

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Amazon is the latest technology company to

make deep cuts to its employee base to brace
for a potential economic downturn.

Last week, Twitter cut roughly 50% of its

workforce following its sale to Elon Musk.
Facebook's parent company Meta also fired
11,000 employees.

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