Amazon plans 9,000 more job cuts: CEO

Updated : Mar 23, 2023 09:52
|
AFP

Amazon CEO Andy Jassy said Monday he was cutting 9,000 more jobs from the online retail giant's workforce, following the 18,000 that were axed in January.

"Given the uncertain economy... and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount," Jassy said in a memo to staff.

The cuts would mainly impact Amazon's cloud computing, human resources, advertising and Twitch videogame streaming businesses, Jassy told staff.

The layoffs account for a smaller percentage of Amazon's total workforce, which ran up to 1.5 million people in December 2022, than the cuts seen at some other tech giants.

Meta has laid off nearly 25 percent of its estimated workforce in just a few months in what CEO Mark Zuckerberg has called the company's "year of efficiency" as the US tech sector continues to downsize.

Amazon CEOLayoffsAmazon

Recommended For You

editorji | Business

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

editorji | Business

Reliance denies buying Iranian oil amid US sanctions waiver

editorji | Business

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

editorji | Business

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

editorji | Business

Govt announces seven measures to help boost exports