Amazon will reportedly cut 10,000 jobs as layoffs sweep the tech industry
Nov 15, 2022, 12:34 IST
- Amazon plans to lay off roughly 10,000 white-collar employees, The New York Times reported Monday.
- The cuts will mainly affect Amazon's devices, human resources, and retail divisions, the paper said.
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Amazon plans to lay off some 10,000 employees in tech and corporate roles, The New York Times reported on Monday, citing unnamed sources familiar with the situation. The e-commerce juggernaut will mainly slash jobs in its human resources, retail, and devices divisions, the people said. The devices division is responsible for products like the Alexa assistant. Layoffs could start as soon as this week, according to the Times.
Large tech companies have cut jobs left and right in 2022 as the US economy heads into increasingly uncertain territory.
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Amazon recently paused corporate hiring, citing an "unusual macro-economic environment." The company's impending cuts could be the largest in its history, per the Times. Ten thousand employees represents roughly 3% of Amazon's corporate workforce, the outlet said.
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Correction: November 14, 2022 — An earlier version of this story misstated the scale of Stripe's layoffs. About 1,100 jobs were affected.