Amazon plans to lay off 10K employees

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14-11-2022, 21:40

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INA - SOURCES

Amazon reportedly plans to lay off 10,000 corporate and technology employees as soon as this week.

The cuts would affect the company's devices organization, retail division and human resources, people familiar with the matter told the New York Times.

The move would mark the largest job cut in Amazon's history, representing 3% of its corporate employees and 1% of its global workforce, according to the outlet.

Representatives for Amazon did not immediately respond to FOX Business' request for comment.

The move comes just after Amazon CEO Andy Jassy began a cost-cutting review of the company, which included scaling down businesses that haven't been profitable, such as its devices unit, people familiar with the matter told the Wall Street Journal.