As a part of a restructuring plan, Amazon introduced in early 2023 that it could lay off roughly 18,000 workers by 2025. Affected positions will primarily be within the firm’s retail, know-how, and human assets divisions.
The layoffs, which signify about 6% of Amazon’s company workforce, are a part of a broader cost-cutting effort by the corporate. Amazon has been going through slowing gross sales progress and growing competitors from different retailers. The layoffs are anticipated to avoid wasting the corporate about $1 billion per yr.
