November 06, 2024 02:41 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Union Minister HD Kumaraswamy booked for threatening cop probing into mining case | Supreme Court upholds validity of Uttar Pradesh Madrasa Education Act | Not all private properties are community resources that govt can take over: Supreme Court | Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region
Amazon likely to lay off 1000 employees amid losses: Report
Amazon
Image Credit: Unsplash

Amazon likely to lay off 1000 employees amid losses: Report

| @indiablooms | 14 Nov 2022, 11:35 pm

Seattle/IBNS: Amazon is likely to lay off thousands of employees and implement cost-cutting measures as the last few quarters haven't been profitable, media reports said.

The e-commerce company might fire as many as 10,000 employees starting as soon as this week, according to New York Times.

If the total number of layoffs stays around 10,000, it would be the biggest layoff in the history of Amazon.

The job cuts will target the devices group, including the one responsible for the Alexa voice assistant, along with the retail division and human resources, NYT reported citing anonymous sources.

Amazon, after a months-long review, has cautioned employees in some unprofitable units to look for other opportunities within the company, the Wall Street Journal reported.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.