Amazon Intends To Fire 10,000 Workers

It has been reported that Amazon intends to terminate the employment of 10,000 business and technology workers as soon as this week. According to insiders who are acquainted with the situation, the company’s retail business, its human resources department, and its gadgets group would all be affected by the proposed cuts.

According to the site, this move would be the largest job layoff in the history of Amazon and would represent 3% of the company’s corporate employees as well as 1% of its global workforce.

The request for comment that FOX Business made to representatives of Amazon was not immediately met with a response. According to sources familiar with the situation who spoke to the Wall Street Journal, the decision comes shortly after Amazon CEO Andy Jassy initiated a cost-cutting assessment of the company. The evaluation involved scaling down businesses that haven’t been lucrative, such as the company’s devices segment. According to people who spoke with the Journal, Amazon had previously urged employees in underperforming units to get ready to look for new employment as the corporation prepares to make layoffs in response to the uncertain economic situation.

At the beginning of this month, Amazon placed a temporary halt on the hiring process for corporate roles. Beth Galetti, the senior vice president of people experience and technology at Amazon, sent a message to all of the company’s employees in which she explained that the decision had been made by Jassy and the leadership team in light of the “uncertain” economy and the large number of new employees that Amazon has hired over the past few years. “We’re experiencing an unusual macroeconomic climate, and we want to strike a balance between being cautious about this economy and making employment and investment decisions,” Galetti said. She mentioned that the corporation had already placed hiring freezes in other departments, and she mentioned that the company had chosen to stop all new corporate hiring across the board.

Galetti went on to add that Amazon planned to “keep this pause in place for the next few months” as the company continues to evaluate the state of the economy and the company as a whole and make modifications where they appear to be warranted. Former CEO Jeff Bezos issued a similar warning on Twitter one month ago, stating, “the probabilities in this economy tell you [to] batten down the hatches.” By doing so, he indicated that he agreed with Goldman Sachs CEO David Solomon, who had issued a similar warning earlier in the day, stating that there is a “good chance” of a recession occurring in the United States.