Amazon is preparing to lay off about 10,000 corporate personnel, the New York Times reportedÂ Nov. 14. Affected employees will be concentrated in the retail and human sources divisions, as properly as those people who function on Amazon devices such as the voice assistant Alexa.
The cuts would represent about 3 % of the retailerâ€™s corporate workforce, and just 1 p.c of its global team, which totals 1.5 million staff.
Amazon is the latest tech enterprise to lay off staff subsequent a interval of rapid progress. The business doubled its headcount among June 2020 and 2021, according to business filings, as the Covid pandemic pushed far more people today to shop on the internet, creating profits to soar. But the retailer is experiencing slower expansion this yr as the pandemic restoration, coupled with substantial inflation, are modifying the way people store. Amazonâ€™s earnings grew 7 per cent throughout the quarter ending this March, its lowest degree in two many years.
The retailer declared it would freeze corporate selecting in its retail division past month.