Amazon (NASDAQ:AMZN) Advances With the Layoff of Corporate Employees
17 November 2022 - 10:24PM
TipRanks
Amazon (NASDAQ:AMZN) has started to inform its corporate employees
about the layoffs, which are expected to reduce the company's total
workforce by about 3%, or about 10,000 employees. A report by The
Wall Street Journal, citing people familiar with the matter, said
that these cuts will not impact the staff working in the company’s
warehouses. In light of the current challenging economic
environment, Amazon is said to have restructured some of its
divisions, including its retail, devices, and human resources
divisions, as a result of which some of the existing roles have
become unnecessary.
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