Amazon plans to lay off 10 000 employees starting this week: NYT - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 15.11.2022 11:51:00
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Amazon is planning to lay off around 10 000 employees in corporate and technology roles beginning this week, a person familiar with the matter said on Monday, in what would amount to its biggest such reduction to date.

The cuts, earlier reported by the New York Times, would represent about 3% of Amazon’s corporate staff. The exact number may vary as businesses within Amazon review their priorities, the source told Reuters.

The source attributed the reduction to the uncertain macroeconomic environment faced by Amazon and other companies. Seattle-based Amazon is predicting a slowdown in sales growth for the typically lucrative holiday season.

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