Amazon said it is slashing a total of 18,000 jobs, the largest set of layoffs in the e-commerce giant's history.
, or roughly 10% of its workforce, as well as closing some offices. The cuts are by far the largest in the 23-year history of a San Francisco company founded by former Oracle executive Marc Benioff, who pioneered the method of leasing software services to internet-connected devices — a concept now known as"cloud computing."
Salesforce employed about 49,000 people in January 2020 just before the pandemic struck. Salesforce's workforce today is still 50% larger than it was before the pandemic. Meta CEO Mark Zuckerberg also acknowledged he misread the revenue gains that the owner of Facebook and Instagram was reaping during the pandemic when he announced in November that his company would be laying off 11,000 employees, or 13% of its workforce.Employers"are getting aggressive in slashing costs ," Wall Street analyst Adam Crisafulli of Vital Knowledge said in a report to investors.
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