Photo by Scottish Government on Flickr.com
The American e-commerce giant Amazon is reportedly planning to fire 10,000 employees, according to The New York Times.
Amazon, a US-based online marketplace, is apparently preparing for significant layoffs this week.
According to information published by the New York Times (NYT) based on unnamed sources, Amazon is getting ready to fire 10,000 employees, or 3% of its global workforce, as a result of the rising economic volatility in the world. According to the article, layoffs are anticipated to start this week and will affect the human resources, retail, and devices divisions, which produce things like the Alexa virtual personal assistant powered by AI.
Although Amazon has not yet released a formal comment on the subject, if it does, it will mark the US company’s largest layoff since its establishment in 1994.
On the other hand, Meta, the company that owns Facebook, Instagram, and WhatsApp, stated on November 9 that it will be letting go of more than 11,000 employees.
Layoffs started on the social media platform Twitter after Elon Musk’s $44 billion purchase, and it was reported that 50% of the staff were fired.
Due to the uncertain state of the global economy, businesses are forced to cut expenses and stop hiring.
Companies must adjust to the new environment due to global market volatility and rising inflation.