Amazon employees layoffs 2022: Amazon plans to lay off around 10,000 employees for cost cutting. According to the New York Times, the company may fire these employees this week. Let us inform you that if Amazon lays off 10,000 employees, it would be the first time in the company’s history that such a large number of employees were laid off. According to the report, the company has taken this decision in view of the losses incurred in the last few quarters.
If in Amazon the total number of layoffs stays around 10,000 employees, it will be the largest layoff in Amazon’s history. It is seen that this is less than 1% of the company’s workforce, as Amazon employs more than 1.6 million people globally. The job cuts will be focused on Amazon’s devices unit, which includes voice-assistant Alexa, and its retail and human resources divisions.
Amazon has warned employees of some unprofitable units to look for other opportunities within the company after a month-long review. The report states that Amazon is closely evaluating its Alexa business and is currently considering whether it should focus on trying to add new capabilities to the voice assistant, which can be used on a variety of Amazon devices. Is available.
Amazon employees layoffs reason
The report said Amazon’s growth slowed to the lowest rate in two decades after experiencing its most profitable time on record during the years of the COVID-19 pandemic. There was a high increase in online shopping by consumers during the pandemic. After Twitter, Meta and Microsoft, Amazon has become the latest tech company to drastically cut its workforce to deal with a possible economic downturn.
The report comes just weeks after the e-commerce giant warned of a slowdown in growth during the busy holiday season. This was the period when the maximum sales took place. Amazon said this happened because consumers and businesses have less money to spend due to rising prices.