The online e-commerce company Amazon plans to lay off thousands of employees. According to a story in the New York Times, Amazon intends to fire 10,000 individuals this week who work in the corporate and IT industries. These layoffs will be made from among the workforce located all around the world.
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What is the reason for the layoffs?
The effects of the recession are being felt everywhere. One after another, major corporations are laying off workers. Following large corporations like Facebook, Twitter, and Snapchat, Amazon is now going to lay off employees.
After Twitter and Meta, the e-commerce behemoth Amazon has reportedly fired staff members in newly created units that have not turned a profit this year, according to a Daily Mail article.
The company was already reviewing
According to a recent article in The Wall Street Journal, Amazon.com Inc. is evaluating its non-earning operations. The gadget itself and Alexa the speech assistant are included in this. Following a month-long investigation, Amazon asked workers at divisions that weren’t turning a profit to look for other employment. It has been requested that some robotics and retail teams be closed and personnel be redeployed to more lucrative fields. After considering all of these factors, the corporation let go of 1000 employees.