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Amazon to lay off staff in US, Canada and Costa Rica by today: Report

Amazon.com Chief Executive Andy Jassy said earlier this month the cuts, about 6% of the company's roughly 300,000 corporate employees, would mostly impact the e-commerce and human resources divisions.

Published on: Jan 19, 2023, 11:36:21 IST
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Amazon.com Inc will cut some jobs in the United States, Canada and Costa Rica by the end of Wednesday as part of its plan to lay off 18,000 employees, the e-commerce giant said in a memo to staff seen by Reuters.

Amazon is terminating 2,300 employees in Seattle and Bellevue, according to an update on the Worker Adjustment and Retraining Notification
Amazon is terminating 2,300 employees in Seattle and Bellevue, according to an update on the Worker Adjustment and Retraining Notification

The layoffs are the latest in the U.S. technology sector, with companies cutting their bloated workforce and slashing costs to reverse pandemic-era excesses and prepare for a worsening global economy.

The company is terminating 2,300 employees in Seattle and Bellevue, according to an update on the Worker Adjustment and Retraining Notification (WARN) site. The U.S. labor law requires companies planning a mass layoff to inform employees 60 days before the closure.

Amazon.com Chief Executive Andy Jassy said earlier this month the cuts, about 6% of the company's roughly 300,000 corporate employees, would mostly impact the e-commerce and human resources divisions.

Microsoft said earlier on Wednesday it would cut about 10,000 jobs and take a $1.2-billion charge.

 
ABOUT THE AUTHOR
Aryan Prakash

A journalist with more than 12 years of experience in print, broadcast and digital media. When not tracking major news events, he can be seen binge watching his favourite shows or reading a spy thriller.

Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
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