ICYMI: Amazon shrinks workforce by 100,000, as hiring freezes and layoffs hit the tech sector — via financialpost work recession layoffs
Amazon.com Inc. was one of the latest company to discuss its belt-tightening efforts this week. During its quarterly earnings call Thursday, the e-commerce giant said it’s been adding jobs at the slowest rate since 2019. After relying on attrition to winnow its staff, Amazon now has about 100,000 fewer employees than in the previous quarter.Alphabet Inc., Google’s parent company, has been decelerating its recruiting efforts.
An Amazon worker pulls a cart of packages for delivery in New York City. Amazon said it has 100,000 fewer staff than it did a year ago, adding it’s been adding jobs at the slowest rate since 2019. Photo by Michael M. Santiago/Getty Images GoPuff, a grocery delivery app, is laying off 10 per cent of its workforce and closing dozens of warehouses. The cuts will affect about 1,500 staff members — a mix of corporate and warehouse employees.
Netflix Inc., the streaming giant, has had several rounds of highly publicized layoffs since it reported the loss of 200,000 subscribers in the first quarter. In April, it began scaling back some marketing initiatives, then cut 150 employees in May and 300 in June. Last quarter, it reported US$70 million in expenses from severance and shed an additional 970,000 subscribers. Netflix had 11,300 employees in 2021.
Peloton Interactive Inc. announced plans to cut about 2,800 jobs globally, roughly 20 per cent of its corporate roles, as part of a surprise shake-up in February that saw its CEO John Foley and several executive team members step down. In 2021, the company reported having nearly 9,000 employees. Salesforce Inc., the cloud computing platform, has been slowing hiring and reducing travel expenses, according to a leaked memo reported in May by Insider. It had nearly 78,000 employees as of the end of April.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon to buy vacuum maker iRobot for roughly $1.7BAmazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns about its market power.
Read more »
Brazil police arrest 5 more in murders of journalist, Amazon expertBRASILIA — Brazil’s federal police on Saturday arrested five more men in an investigation into the murder of British journalist Dom Phillips and indigenous…
Read more »
Amazon to buy vacuum maker iRobot for roughly US$1.7BAmazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately US$1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns about its market power.
Read more »
Amazon to buy vacuum maker iRobot for roughly $1.7BThe deal is subject to approval by shareholders and regulators.
Read more »
Amazon to buy vacuum maker iRobot for $1.66BNEW YORK (AP) — Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion, scooping up another company…
Read more »