Amazon on Wednesday will begin a fresh round of job cuts in what’s expected to become the largest workforce cuts in its 28-year history.
Earlier this month, CEO Andy Jassy said the layoffs would affect more than 18,000 employees, primarily in its human resources and stores divisions. Amazon said in November it was looking to cut staff, including in its devices and recruiting organizations. CNBC reported at the time that the company was looking to lay off about 10,000 employees.
Amazon is trimming its head count after it went on a hiring spree during the Covid-19 pandemic. The company’s global workforce swelled to more than 1.6 million by the end of 2021, up from 798,000 in the fourth quarter of 2019….
Microsoft plans to lay off 10,000 employees by the end of the third quarter as its revenue growth slows.
CEO Satya Nadella said in a blog post on Wednesday that the cuts represent almost 5 percent of Microsoft’s workforce. He said the layoffs are part of the company’s plan to align its “cost structure” with its revenue and where customer demand is….
Goldman cut 3,200 jobs, or about 6.5% of its global workforce, on Wednesday. Positions were culled from New York, Dallas, Chicago, Salt Lake City and London, where “there were a lot of tears,” Financial News reported….
Leave a Reply
You must be logged in to post a comment.