Up to 10,000 people could be laid off at Amazon this week.
that said the company is “weighing changes” in the devices business. The unit has recorded operating losses of $5 billion in some recent years.
A projected downturn for the US economy has led tech giants to significantly slow their pace of hiring or freeze it altogether. Similar to Meta, Amazon saw record momentum during the early phase of the covid pandemic and overinvested based on those record profits.
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