Amazon.com is laying off more than 18 000 employees, a significantly bigger number than previously planned.
laying off more than 18 000 employees — a significantly bigger number than previously planned — in the latest sign that a technology slump is deepening.
“Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so,” he said. “These changes will help us pursue our long-term opportunities with a stronger cost structure.” Though the prospect of layoffs has loomed over Amazon for months — the company has acknowledged that it hired too many people during the pandemic — the increasing total suggests the company’s outlook has darkened. It joins other tech giants in making major cuts. Earlier on Wednesday, SalesforceAmazon investors gave a positive reaction to the latest belt-tightening efforts, betting it may bolster profits at the e-commerce company.
The world’s largest online retailer spent the end of last year adjusting to a sharp slowdown in e-commerce growth as shoppers returned to pre-pandemic habits. Amazon delayed warehouse openings and halted hiring in its retail group. It broadened the freeze to the company’s corporate staff and then began making cuts.
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