Amazon.com Inc.\u0027s job cuts will be concentrated in its cloud services, advertising and Twitch units. Read more.
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Numerous tech giants including Microsoft Corp, Salesforce Inc, Alphabet and Meta Platforms have slashed thousands of jobs in recent months after pandemic-led hiring sprees left them overstaffed. Amazon follows Facebook-parent Meta in becoming the second bellwether to announce a second round of cuts.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
“Given the uncertain economy in which we reside, and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount,” Jassy said in a statement posted on the company’s web site.Article content Amazon last month said operating profit may continue to slump in the current quarter, hit by the financial impact of consumers and cloud customers clamping down on spending. Sales from its lucrative cloud-computing division slowed during the fourth quarter.
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