Economy

Amazon goes in for new round of massive job cuts

Amazon CEO Andy Jassy said Monday another 9,000 jobs were being cut from the e-commerce giant’s workforce amid the prevailing economic uncertainty.

With this new round of job cuts Amazon would have sacked as many as 27,000 workers in recent months which is around 10% of its workforce.

“Given the uncertain economy… and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount,” Jassy said in a memo to staff.

Jassy said the fresh round of job cuts will take place in the coming weeks, and will mostly impact people working in the Amazon Web Services, People Experience and Technology Solutions (PXT), advertising and streamlining service Twitch.

The decision follows other layoffs in the technology sector in companies such as Microsoft Corp and Google parent Alphabet Inc , sacking employees in vast numbers.

Facebook’s parent Meta Platforms Inc also said last week it would cut 10,000 jobs this year, kicking off a second-round of layoffs for the sector following its elimination of more than 11,000 roles in 2022.

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