Amazon to Layoff 10,000 Employees  

Amazon to Layoff 10,000 Employees (News Central TV)

Amazon is set to fire up to 10,000 workers, making the e-commerce powerhouse the most recent digital titan to implement a major redundancy plan.

This includes seasonal workers who are hired at times of high activity like the holidays, this would equal just under one percent of the group’s overall payroll, which at the end of September had 1.54 million employees worldwide.

The affected roles, according to reports, will be found in Amazon’s gadget department, retail division, and human resources.

The overall number of layoffs could alter, but if confirmed, it would represent the biggest firing spree in the 28-year-old company that Jeff Bezos created.

Your Friends Also Read:  Al Jazeera Television Broadcasts Resume in Egypt after 8 Years

The hiring drive would be followed by the layoffs. Amazon doubled its workforce from the first quarter of 2020 to 1.62 million employees two years later as a result of the coronavirus pandemic’s boom in business and cooped-up people’s fervent turn to online shopping.

However, due to the weakening economy, Amazon issued a hiring block two weeks ago, and its headcount has already shrunk since the start of the year.

The parent company of Facebook, Meta, said last week that it will be eliminating 11,000 positions, or around 13 percent of its workforce.

Both the car-hailing service Lyft and the online payment company Stripe recently announced significant layoffs. About half of Twitter’s 7,500 employees were let go earlier this month after Elon Musk recently acquired the company.

Your Friends Also Read:  Egypt's ENR and Spain’s Talgo Sign an Agreement for Railcar Manufacturing

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.



Leave a Reply

Previous Article
OPEC Cuts Growth Estimate Over Recession Fears (News Central TV)

OPEC Cuts Growth Estimate Over Recession Fears

Next Article
International Capital Market Forecloses More Loans to Nigeria (News Central TV)

International Capital Market Forecloses More Loans to Nigeria

Related Posts
Powered by Live Score & Live Score App