As a part of a restructuring plan, Amazon introduced in early 2023 that it might lay off roughly 18,000 staff by 2025. Affected positions will primarily be within the firm’s retail, expertise, and human sources divisions.
The layoffs, which symbolize about 6% of Amazon’s company workforce, are a part of a broader cost-cutting effort by the corporate. Amazon has been going through slowing gross sales progress and rising competitors from different retailers. The layoffs are anticipated to avoid wasting the corporate about $1 billion per yr.
