Amazon Is Next In The Onslaught Of Tech Layoffs

Amazon plans to lay off around 10,000 employees beginning as soon as this week

The online retail giant represents another in a growing chain of tech firms slashing head counts to constrain costs

CEO founder Jeff Bezos issued a recession warning the day before the announcement, suggesting headwinds are blowing in

On Monday, the New York Times NYT -1.5% reported that Amazon is looking to slash headcounts by up to 10,000 employees. Most of the cuts will purportedly occur in departments like devices, retail and human resources.

So far, the nature and scope of the downsizing remain “fluid,” as changes are implemented by individual teams. But if the company does push out 10,000 employees, it will represent the biggest cut in the company’s history.

Amazon has yet to issue any corporate communiques or guidance regarding the layoffs. However, it told the Wall Street Journal that it’s endured rough environments before, and it’s prepared to do so again.

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