Boots & Sabers

The blogging will continue until morale improves...

Owen

Everything but tech support.
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2150, 14 Nov 22

Layoffs in Tech Sector Continue

It’s rather a small pullback for Amazon, but on top of a lot of other companies in this sector.

Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times. Separately, The Wall Street Journal also cited a source saying the company plans to lay off thousands of employees.

 

Shares of Amazon closed down about 2% on Monday.

The cuts would be the largest in the company’s history and would 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.

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2150, 14 November 2022

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