New York: Amazon.com Inc is likely to lay off nearly 10,000 people in corporate and technology jobs starting this week, reported the New York Times citing sources on Monday.
“The lay off will focus on the e-commerce giant’s devices unit, which houses voice-assistant Alexa, as well as its retail division and human resources, according to the report, which also said the total number of layoffs remains fluid,” as per media reports.
Laying off around 10,000 people would actually mean dismissing roughly three per cent of Amazon’s corporate employees and less than one per cent of its global work force of more than 1.5 million, which mainly consists hourly workers.
This planned retrenchment comes during the holiday season, a time when the company has valued stability in the past years. This shows how the souring global economy has pushed Amazon to trim business.
With this step Amazon will become the latest tech giants to lay off workers.
Ironically, just a few months back the e-commerce giant has more than doubled the cap on cash compensation for its tech workers, in a bid to retain its employees in competitive labour-market.
