Multinational digital giant Amazon plans to fire 10,000 employees over the course of this week, the New York Times reported. The corporation would have to make the biggest employment layoffs ever if this were to go through.
According to the report, job layoffs are expected in Amazon's devices section, which includes Alexa the voice assistant, and in its retail sector and human resources.
Laying off nealy 10,000 people 10,000 employees would amount to less than 1% of Amazon's more than 1.5 million global workforce, which is primarily made up of hourly workers, and about 3% of its corporate staff.
The corporation has historically emphasised stability throughout the holiday season, which is when this projected reduction in workforce will take place. This demonstrates how Amazon has had to reduce business due to the weakening global economy.
With this move, Amazon will join the list of recent IT juggernauts to lay off staff.
Ironically, the e-commerce giant recently increased the cash compensation cap for its tech employees by more than twice as much in an effort to keep workers in a tight labour market.
Layoffs have been prompted by shifting business strategies and the impending global economic recession in all internet companies. The corporation trimmed its headcount by about 80,000 individuals between April and September, mostly by attrition among its hourly staff.
Amazon recently shut down its Amazon Care division, which offered primary and emergency medical care services. Scout, the cooler-sized home delivery robot, and Fabric.com were both shut down.
Amazon stopped hiring for a number of its smaller teams in September.
Further, the corporation ceased filling more than 10,000 unfilled posts in its primary retail division in October of this year. Also, it ceased corporate hiring nationwide for the upcoming few months two weeks ago.
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