Jan 5, 2023

Amazon to shed over 18,000 jobs as it cuts costs, CEO says

Amazon aims to shed more than 18,000 roles as it cuts costs, the technology giant's boss says. The cuts amount to around 6% of the firm's roughly 300,000-strong corporate workforce. In November Amazon said it was starting a round of layoffs but did not give a figure of how many jobs it would cut. He also said the "Majority of role eliminations" would be in the Amazon Stores operations and its People, Experience, and Technology team. Amazon had already introduced a hiring freeze and halted some of its warehouse expansions, warning it had over-hired during the pandemic.

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