logo
  

Amazon Begins Job Cuts, Says Some Roles No Longer Required

amazon nov17 lt

Amazon began to implement job cuts, starting with devices and services division, citing difficult economy. The tech giant did not reveal the number of employees affected, but earlier this week, reports had said it was planning to lay off about 10,000 employees in corporate and technology roles.

In an email to employees, Dave Limp, Senior Vice President of Devices & Services, said, "After a deep set of reviews, we recently decided to consolidate some teams and programs. One of the consequences of these decisions is that some roles will no longer be required."

He noted that the changes at the division, which makes products including Echo, Alexa, Fire, and Kindle devices, come as the company continues to face an unusual and uncertain macroeconomic environment.

The impacted employees were notified the previous day, and the company said it will continue to work closely with each individual to provide support, including assisting in finding new roles.

If employees cannot find a new role within Amazon, the firm will support the transition with a package that includes a separation payment, transitional benefits, and external job placement support.

Limp added that the company will continue to invent as the Devices & Services organization remains an important area of investment for Amazon.

The layoffs would represent less than 1 percent of Amazon's global workforce and 3 percent of its corporate employees.

Amazon reported 798,000 employees at the end of 2019 but had 1.6 million full- and part-time employees as of December 31, 2021, a 102 percent increase.

Recently, some other tech firms also laid off thousands of employees. Meta announced last week that it will slash over 13 percent of its workforce, or more than 11,000 employees.

Twitter, which was recently acquired by Elon Musk in a $44 billion deal, laid off around half its workforce days after the takeover.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Consumer Product Safety Commission or CPSC announced recall of thousands of children's Robes made in China and sold exclusively on Amazon.com by various companies. The recalled robes fail to meet the federal flammability standards for children's sleepwear, posing a risk of burn injuries to children. Further, citing the same concerns, Paper Cape children's pajamas manufactured in Peru ... Health services company Cigna Corp. reported Friday higher profit in its fourth quarter reflecting growth in both Evernorth and Cigna Healthcare segments. Adjusted earnings and topline beat market estimates. Looking ahead for fiscal 2023, the company projects adjusted earnings and adjusted revenues to be higher than last year, but below market view. French drug major Sanofi SA reported Friday higher profit in its fourth quarter with strong revenue growth mainly with strong sales of Dupixent. Looking ahead for fiscal 2023, the company projects higher business earnings, but the expected growth is slower than recorded in fiscal 2022. Sanofi shares were losing around 4 percent in the morning trading in Paris as well as in pre-market activity...
Follow RTT