Amazon ‘to lay off up to 10,000 employees’ - up to 1% of global workforce

Amazon ‘to lay off up to 10,000 employees’ - up to 1% of global workforce

Amazon is planning to axe thousands of jobs as soon as this week, according to a New York Times report.

The firm is said to be planning to lay off around 10,000 employees in corporate and technology roles, the US media outlet reported on Monday.

The cuts will focus on the e-commerce giant's devices unit, which houses voice-assistant Alexa, as well as its retail division and human resources, according to the newspaper.

As of December last year, Amazon had around 1,608,000 full-time and part-time employees. It is not yet clear whether the layoffs will affect the firm’s British operations.

The cuts would amount to around 3 per cent of Amazon’s corporate workforce and 1 per cent of its total global workforce.

The Standard has contacted Amazon for further comment. The firm declined to comment to the New York Times.

It comes after multiple US companies have announced deep cuts in the past month as the country braces for an economic downturn.

Last week, Facebook-parent Meta Platforms said it would cut more than 11,000 jobs, or 13 per cent of its workforce, to rein in costs.

And Twitter’s CEO Elon Musk has already halved the companies Twitter headcount after taking the reins at the social media giant last month.

Amazon reported record profits during the pandemic as consumers flocked to online shopping during successive Covid lockdowns. However, the firm has seen its growth slow recently due to high inflation.

CEO Jeff Bezos on Monday told CNN that he planned to give away the majority of his $124bn fortune during his lifetime.

He said that $100m would go to charities chosen by Dolly Parton, without specifying where he would donate the remainder of his wealth.

“The hard part is figuring out how to do it in a levered way,” he told CNN.

“Building Amazon was not easy. It took a lot of hard work and very smart teammates. And I’m finding - and Lauren’s finding - that philanthropy is very similar. It’s not easy. It’s really hard.”