December 16, 2024 22:00 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
GRAP 4 restrictions reimposed in Delhi as air quality dips to 'severe' category | 39 ministers included in Devendra Fadnavis-led Maharashtra cabinet | People who raise questions on EVMs should show how they can be hacked: TMC trashes Congress claims | Bangladesh likely to hold national polls in late 2025 or early 2026, says Yunus in Victory Day speech | Constitution stood test of time: Nirmala Sitharaman in Rajya Sabha | PM Museum requests Rahul Gandhi to return Pandit Nehru's historical letters | Indian tabla maestro Zakir Hussain dies at 73 in San Francisco, confirms family | Kolkata woman strangled, beheaded and chopped into pieces for refusing brother-in-law's advances | Arvind Kejriwal, CM Atishi to contest Delhi polls from current constituencies | Atul Subhash suicide case: Wife Nikita, her mother and brother arrested
Amazon
Image Credit: Pixabay

Amazon to layoff 18,000 employees amid weak online sales growth

| @indiablooms | Jan 19, 2023, at 07:48 am

Amazon.com, struggling with a dip in online sales growth and prepping up for a possible recession, is likely to trim its workforce further, media reports said.

Earlier this month, Amazon announced that it was cutting 18,000 jobs among its corporate ranks, the biggest in its history, Bloomberg reported.

The latest round, slated to start Wednesday, will mostly affect the retail division and human resources.

The previous job cuts affected Amazon’s Devices and Services group, which builds the Alexa digital assistant and Echo smart speakers.

The cuts represent only about 1% of the total workforce, affecting hundreds of thousands of hourly warehouse and delivery personnel, they account for about 6% of Amazon’s 350,000 corporate employees around the globe.

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.