Amazon has revealed that it will be laying off more than 18,000 employees in the coming months, the largest headcount reduction at a tech firm in the past year.
E-commerce giant The layoffs will impact about five percent of the company’s corporate workforce.that in a recent announcement, Amazon stated that it will lay off more than 18,000 employees in the coming weeks, representing the highest number of layoffs at a major technology company in the past year. The layoffs will primarily affect the company’s corporate ranks, impacting about five percent of that workforce and 1.2 percent of Amazon’s overall workforce of 1.5 million as of September.
Many tech companies have had to make job cuts as the economy has soured, with Amazon’s layoffs of over 18,000 employees representing the largest number of people laid off by a tech company in recent months, according to Layoffs.fyi, a website that tracks such events as they surface in media reports and company releases.
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.
How to get a $20 Amazon credit for buying household essentialsAmazon is giving $20 credits to shoppers who buy household essentials, like diapers, paper towels and body wash. Here's how to get it
Read more »
Christoph Waltz Offers A Very Simple Service In ‘The Consultant’ As Amazon Debuts Teaser & Sets PremiereChristoph Waltz is hoping to help the business as he dons a suit and tie for Amazon drama series The Consultant. Prime Video is launching the eight-part series on February 24 and has unveiled the f…
Read more »
Amazon secures $8 billion term loanAmazon.com Inc said on Tuesday it had reached an agreement with certain lenders to provide the e-commerce giant an $8 billion unsecured loan.
Read more »
Amazon union lawyers up for Staten Island warehouse injuriesThe Amazon Labor Union says its workers are twice as likely to be hurt on the job compared to other warehouse workers.
Read more »
Norway reactivates fund to protect Brazil's Amazon forestOslo announces revival of Amazon Fund in the wake of President Lula da Silva's return to power and his vows to halt deforestation in the tropical rainforest.
Read more »