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