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Amazon plans to Sack 10,000 employees, just like Meta.
Given that Amazon has more than 1.6 million employees worldwide, the alleged 10,000 employees represent less than 1% of the company…
- Amazon plans to Sack 10,000 employees
- Amazon adjusting to a steep slowdown in e-commerce
- IT corporations’ recent layoffs
Up to 10,000 of Amazon’s employees will be affected by huge layoffs that are being planned by the largest online retailer in the world.
If this goes through, Stripe, Twitter, and Meta will have lost over 15,000 positions since the beginning of the month, making this the fourth major layoff by a digital company in November alone.
The New York Times said that the job losses will affect the retail sector, human resources, and the devices section, which includes the team in charge of the Alexa voice assistant.
Given that Amazon has more than 1.6 million employees worldwide, the alleged 10,000 employees represent less than 1% of the company’s workforce.
Just a few weeks ago, the large e-commerce company issued an earlier warning about a slowdown in growth for the busy holiday season, which is typically when it sees the largest sales. According to Amazon, this is a result of individuals and businesses having less money to spend as a result of price increases.
The majority of this year has been spent by Amazon adjusting to a steep slowdown in e-commerce growth as consumers returned to their pre-pandemic routines. Amazon postponed the opening of warehouses and stopped hiring for the retail division. Amid slowing sales growth and uncertain economic conditions, Amazon CEO Andy Jassy has committed to reducing operations.
READ MORE:Â Amazon opens office in Nigeria
The year 2022 will be remembered as one of the worst for multinational IT corporations due to the recent layoffs. Elon Musk sacked 3,700 out of around 8,000 Twitter employees after Stripe, a major American financial company, revealed it was eliminating 1,120 jobs. Amazon is about to add another 10,000 jobs to the labor market after Meta made a significant 11,000 head cutbacks.
Unfortunately, researchers predict that as the global economy becomes more challenging, the hiring rush will continue into Q1 2023.