Amazon’s planned layoffs will exceed initial reports, hitting over 18,000 workers in the coming weeks. It is the largest in a recent wave of cutbacks at major tech companies. WSJWhatsNow
layoffs, Chief Executive Andy Jassy addressed the cuts in a blog post. “Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so,” said Mr. Jassy. He added that the majority of the cuts are on the retail and recruiting areas of Amazon. The blog post said the company would alert affected employees later this month.as customers flocked to online shopping.
The rush to Amazon’s various businesses, from e-commerce to groceries and cloud computing, pushed forward years of growth for the company. To keep up with demand, Amazon doubled its logistics network and added hundreds of thousands of employees., Amazon initiated a broad cost-cutting review to pare back on units that were unprofitable, the Journal reported.
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