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Amazon job losses
(77WABC) — Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to reports from The New York Times and The Wall Street Journal.
Shares of Amazon closed down about 2% on Monday. The cuts would be the largest in the company’s history.
Cuts are expected to primarily impact Amazon’s devices organization, retail division and human resources, according to the report. The reported layoffs would represent less than 1% of Amazon’s global workforce and 3% of its corporate employees.
The report follows headcount reductions at other tech firms. Meta announced last week that it’s laying off more than 13% of its staff, or more than 11,000 employees.
Twitter laid off approximately half its workforce in the days following Elon Musk’s $44 billion acquisition of the company.
