Highlights
E-commerce company Amazon is preparing to fire about 10,000 of its employees.
The New York Times gave information citing sources in its report.
Meta has laid off 13 percent or about 11,000 of its employees.
New Delhi. The phase of retrenchment has started in big companies around the world. In this sequence, now the e-commerce company Amazon is preparing to fire about 10,000 of its employees. The New York Times has told in a report quoting sources that the company may start layoffs from this week itself. According to the report, the layoffs will mainly be done in the devices unit of the company making products like Alexa and its retail unit and HR team.
However, it has also been said in the report that the number of layoffs may increase as well as decrease. According to media reports, according to the data till 31 December 2021, a total of 16 lakh employees work in Amazon company including full time and part time. Recently the company had said that it is stopping new hiring in the company for the next few months. A few days ago, the Amazon company had expressed apprehension that this time its growth in the holiday season may be less than every year.
Let us tell you that along with this retrenchment, Amazon company will also be included in the list of those companies, which are doing retrenchment before possible economic losses. Recently, Facebook’s parent company Meta has laid off 13 percent or about 11,000 of its employees. The company’s Chief Executive Officer (CEO) Mark Zuckerberg said in a letter to employees on Wednesday that the decision had to be taken due to declining earnings and the ongoing crisis in the technology industry. (from input language)
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Tags: amazon, business news
FIRST PUBLISHED : November 15, 2022, 01:45 IST
