Amazon reportedly plans to lay off about 10,000 employees starting this week

Amazon volition laic disconnected astir 10,000 employees successful firm and exertion roles opening this week, according to a study from The New York Times.

The cuts would beryllium the largest successful the company's history, and would chiefly interaction Amazon's devices organization, retail part and quality resources, according to the report. The reported layoffs would correspond little than 1% of Amazon's planetary workforce and 3% of its firm employees.

The New York Times said the full fig "remains fluid" and could change.

A typical from Amazon did not instantly respond to requests for comment.

Amazon reported 798,000 employees astatine the extremity of 2019 but had 1.6 cardinal afloat and portion clip employees arsenic of Dec. 31 2021, a 102% increase.

The vacation buying play is captious for Amazon, and usually 1 wherever the institution has increased headcount to conscionable demand. But arsenic the institution confronts slowing income and a gloomy planetary economy, Andy Jassy, who took over as CEO successful July 2021, has been successful cost-cutting mode to sphere cash.

The banal is down 40% for the year, much than the 14% driblet successful the S&P 500 and is connected gait for its worst twelvemonth since 2008.

The institution had already announced plans to freeze hiring for firm roles successful its retail business, and successful caller months, Amazon has shut down its telehealth service, discontinued a quirky, video-calling projector for kids, closed each but one of its U.S. telephone centers, axed its roving transportation robot, shuttered underperforming brick-and-mortar chains, and is closing, canceling oregon delaying some caller warehouse locations.

Amazon could beryllium the latest tech institution to denote sweeping headcount reductions. Meta announced past week that it is laying disconnected much than 13% of its staff, oregon much than 11,000 employees, and Twitter laid disconnected astir fractional of its enactment unit successful the days pursuing Elon Musk's $44 cardinal acquisition of the company.

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