Categories: Top Stories

Breaking: Amazon To Sack 18,000 Staff In Order To Cut Costs

Amazon aims to shed more than 18,000 roles as it cuts costs, the technology giant’s boss says.

Affected workers will be informed from 18 January, chief executive Andy Jassy said in a note to staff.

Advertisement

The cuts amount to around 6% of the firm’s roughly 300,000-strong corporate workforce.

In November Amazon said it was starting a round of layoffs but did not give a figure of how many jobs it would cut.

Advertisement

“We are working to support those who are affected and are providing packages that include a separation payment, transitional health insurance benefits, and external job placement support,” Mr Jassy said.

He added: “Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so.”

Mr Jassy did not specify where affected employees were located, but he said the firm would communicate with organisations that represent employees “where applicable in Europe”.

Advertisement

He also said the “majority of role eliminations” would be in the Amazon Stores operations and its People, Experience, and Technology team.

Two months ago the firm said it would focus on reducing expenses in its annual review of business operations.

Advertisement

Amazon had already introduced a hiring freeze and halted some of its warehouse expansions, warning it had over-hired during the pandemic.

It has also taken steps to shut some parts of its business, cancelling projects such as a personal delivery robot.

Advertisement
Sola Adeyemo

Recent Posts

EFCC arraigns Chinese for bribery, N301 million fraud in Lagos

The Economic and Financial Crimes Commission, EFCC, on Thursday, brought a Chinese, Zhengjia Jin, before…

2 minutes ago

I Can’t Control Narratives About My Marriage To Mercy Aigbe – Kazim Adeoti

Popular Nollywood movie marketer, Kazim Adeoti, has spoken about criticism surrounding his marriage to actress Mercy…

6 minutes ago

Rapper Meek Mill disowns Diddy after years of association

Rapper Meek Mill has distanced himself from embattled colleague, Sean Diddy. A fan had bumped…

30 minutes ago

Canadian Immigration Minister says “no automatic pathway from study permits to permanent residency”

Canadian Immigration Minister Marc Miller recently addressed concerns about immigration policies, particularly regarding international students.…

33 minutes ago

Drama As ‘Baltasar Engonga’ was cornered and fl0gged by husbands of the women he sl3eps with(video)

A man dubbed Zimbabwe’s own "Baltasar" faced violent retribution from a group of enraged husbands…

42 minutes ago

Roma re-appoint Claudio Ranieri for third time as new head coach

Italian football club, Roma have re-appointed Claudio Ranieri as their head coach for a third…

47 minutes ago