Amazon plans to lay off 10,000 employees starting this week, reports New York Times

Amazon is the latest U.S. company to make deep cuts to its employee base to brace for a potential economic downturn

November 14, 2022 10:13 pm | Updated November 15, 2022 12:16 pm IST

Photo used for illustration purpose only. File

Photo used for illustration purpose only. File | Photo Credit: Reuters

Amazon.com Inc is planning to lay off about 10,000 people in corporate and technology jobs starting as soon as this week, the New York Times reported on November 14, 2022, citing people with knowledge of the matter.

The job cuts will focus on the e-commerce giant's devices unit, which houses voice-assistant Alexa, as well as its retail division and human resources, according to the report, which also said the total number of layoffs remains fluid.

The company did not immediately respond to a Reuters request for comment.

As of Dec. 31 last year, Amazon had more than 1.6 million full-time and part-time employees and had recently said it would freeze hiring to corporate workforce for the next few months.

Also read | Explained | Big tech firms swing the axe on talent 

The news comes just weeks after Amazon warned of a slowdown in growth for the busy holiday season when it generates the highest sales, saying consumers and businesses had less money to spend due to rising prices.

Amazon is the latest U.S. company to make deep cuts to its employee base to brace for a potential economic downturn.

Last week, Facebook-parent Meta Platforms said it would cut more than 11,000 jobs, or 13% of its workforce, to rein in costs. Others include Elon Musk-owned Twitter Inc, Microsoft Corp and Snap Inc.

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