Amazon To Lay Off , 10,000 Employees.
'The New York Times' and 'The Wall Street Journal' report that a source claims that the retail behemoth will lay of thousands of workers starting this week.
Amazon has never made such a large cut to its staff.
The company's devices organization, human resources and retail division will mostly be impacted. .
The layoffs will account for less than 1% of Amazon's global staff and 3% of corporate employees.
The news comes as other major companies such as Meta, Robinhood, Microsoft, Netflix and more have announced layoffs. .
The news comes as other major companies such as Meta, Robinhood, Microsoft, Netflix and more have announced layoffs. .
The news comes as other major companies such as Meta, Robinhood, Microsoft, Netflix and more have announced layoffs. .
The news comes as other major companies such as Meta, Robinhood, Microsoft, Netflix and more have announced layoffs. .
The news comes as other major companies such as Meta, Robinhood, Microsoft, Netflix and more have announced layoffs. .
CNBC reports that Amazon CEO Andy Jassy has been trying to cut costs where he can as sales slow and the economy suffers.
Some of the measures the company has taken include shutting down its telehealth service, closing most of
its U.S. call centers and axing its delivery robot.
Some of the measures the company has taken include shutting down its telehealth service, closing most of
its U.S. call centers and axing its delivery robot.
Some of the measures the company has taken include shutting down its telehealth service, closing most of
its U.S. call centers and axing its delivery robot.
CNBC reports that Amazon shares were down 2.5% on Nov. 14. They're down 41% for the year.
According to CNBC, Amazon stock
"is on pace for its worst year since 2008."