Amazon Lay Off: After Twitter and Meta, now e-commerce company Amazon has laid off its employees in those units which are new and have failed to earn profit this year.
New Delhi: The effects of recession are beginning to be seen in the world. One after the other big companies are laying off. After big companies like Facebook, Twitter and Snapchat, now Amazon Lay Off has also decided to fire people working here. According to the New York Times report, the company may lay off 10,000 employees as soon as this week. The company has cited failure to make profit behind this move. If the total number of layoffs remains around 10,000, it will be the largest layoff in Amazon’s history. This would represent less than 1 per cent of the company’s workforce which employs more than 1.6 million globally.
After Twitter and Meta, now e-commerce company Amazon has laid off its employees in units which are new and have failed to make profit this year. According to the report, the layoffs will mainly be done in the devices unit of the company that makes products like Alexa, its retail unit and the human resource team. It has also been said in the report that the number of employees to be fired may increase or decrease. Till the time of writing the news, there was no response from Amazon on this report.
This report comes just weeks after the e-commerce giant warned of low sales in the busy holiday season. The company’s sales were highest during the busy holidays and festive season. Amazon issued a warning saying that this is because consumers and businesses have less money to spend due to rising prices.
Earlier, the American newspaper and website Wall Street General recently reported that Amazon.com Inc. is reviewing its businesses that are not earning it. It includes device unit and voice assistant Alexa.
After a month-long review, Amazon has asked the employees of those units to look for jobs elsewhere, due to which the company was not able to make profit. While some teams have been asked to redeploy staff to more profitable areas and close teams in areas such as robotics and retail.
Amazon is the latest technology company to make deep cuts to its employee base to brace for a potential economic downturn.
Last week, Twitter cut roughly 50% of its workforce following its sale to Elon Musk. Facebook’s parent company Meta also fired 11,000 employees.