Highlights

Amazon CEO says layoffs will extend into next year
US media have previously reported that the platform will lay off about 10,000 employees
The layoffs follow an aggressive hiring spree

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Amazon confirms it has begun laying off employees

Name: Amazon confirms it has begun laying off employees
Uploaded: 2022-11-18T10:42:22.000+05:30
Duration: T00M44S
Channel: Editorji News Desk
Description: Seattle-based Amazon, which has been cutting costs in various areas of its business in the past few months, is undergoing an annual review process to figure out where it can save more money.

Seattle-based Amazon, which has been cutting costs in various areas of its business in the past few months, is undergoing an annual review process to figure out where it can save more money.

Updated: Sep 02, 2022 10:53

Editorji News Desk

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Amazon confirms it has begun laying off employees

Amazon confirmed that it is laying off staff, after days of rumors that the e-commerce behemoth would become the latest tech giant to unleash a large-scale redundancy plan amid a souring economic environment.

US media have previously reported that the platform and its various branches will lay off about 10,000 employees.

Though CEO Andy Jassy did not confirm the figure, but he said that the process had begun and would continue early next year.

Many technology companies that had been hiring heavily during the pandemic have recently announced job cuts, including Meta, Twitter, Stripe and Lyft.