In the News
Amazon initiates big job cuts - starting with Alexa
Amazon braces itself for slower growth and a possible recession - many other tech companies have initiated thousands of job losses. Now Amazon has followed suit.
This is a big story worth following. 10,000 corporate lay-offs at the e-commerce and web services giant reflects the slowdown in the US and world economy and the need to rationalise the business.
Amazon plans to lay off approximately 3% of their workforce in corporate and technology jobs starting as soon as this week, in what would be the largest job cuts in the company’s history.
It has moved swiftly from a ‘hiring freeze” to putting the wheels in motion for labour-shedding. Most of the cuts will be in devices (Alexa), retail and HR.