Amazon to lay off thousands of employees

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Amazon.com is planning to lay off around 10,000 employees in corporate and technology roles beginning this week.

, would represent about 3% of Amazon’s corporate staff. The exact number may vary as businesses within Amazon review their priorities, the source told Reuters.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

The news follows a wave of layoffs across the technology sector, which is wary of recession after years of rapid hiring. Just last week, Facebook parent Meta Platforms Inc said it would cut more than 11,000 jobs, or 13% of its workforce, to rein in costs.Article content On a call with reporters last month, Chief Financial Officer Brian Olsavsky said the company saw signs of tighter household budgets for shopping, and it continued to wrestle with high inflation and energy costs.RECOMMENDED VIDEOtap here to see other videos from our teamAmazon’s devices unit in some recent years has posted an annual operating loss of more than $5 billion, thereported last week.

 

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Amazon plans to lay off 10,000 people starting this week - NYTAmazon.com Inc is planning to lay off about 10,000 people in corporate and technology jobs starting as soon as this week, the New York Times reported on…
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