These days, Amazon will announce that it will reduce its workforce by 10,000 people, which will be the most important step of its kind in the history of the company, writes the New York Times. Amazon will join other tech giants such as Facebook and Twitter that have decided to cut staff.
The layoffs will take place in divisions such as Alexa devices, retail and human resources, the sources cited by the publication said. Amazon has 1.5 million employees worldwide.
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Amazon is evaluating its loss-making business, including the division that includes the Alexa voice assistant, for cost cuts
And for Amazon, the period of the pandemic brought record results, the number of employees doubled in two years. Things changed just as quickly, and at the start of 2022, Amazon’s business was growing at its slowest pace in 20 years.
Growth was more brisk in the third quarter, but the company warned that growth in the current quarter and in 2023 could be as weak as in 2001.
Amazon has already “frozen” hiring in some small US cities and several divisions. These decisions were made very quickly, a sign that the economic climate has suddenly deteriorated.
The “devices” and “Alexa” divisions will be particularly affected by the decline, as they appeared to lose many billions of dollars after massive investments in 2017 and 2018.
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