According to a new report, Amazon could lay off as many as 10,000 employees this week. Last week, the latter announced it would lay off 11,000 employees.
The company is likely to focus on its devices business, as well as its human resources and retail units. The Times said that 10,000 workers would make up 3 percent of the company's corporate ranks and 1 percent of its overall workforce.
Recent indications show that Amazon might be rethinking where it puts its first-party devices. Andy Jassy seems to want less money for them. In response to a report from The Wall Street Journal that said the company isweighing, Brad Glasser, an Amazon spokesman, said that the company is as optimistic about the future of the voice assistant as it has ever been. In the last few years, the unit has lost $5 billion.
Tech giants have slowed their hiring due to a projected downturn in the US economy. Amazon had record profits during the early phase of the covid epidemic and over invested based on them. Amazon paused on new hires at the beginning of November. The company just doubled its salary cap for corporate employees.
After a high-profile firing spree that eliminated half the company, some companies have realized that their cuts were too deep. Thousands of contractors were recently cut without warning.
Thousands of people will be put in a precarious position as the global economic slump continues because of Amazon's layoffs, which are likely to be more calculated and won't necessarily be felt in the company's upcoming product line. It would be the largest cut in Amazon's history if the 10,000 figure is true.
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