The American multinational technology company Amazon plans to lay off about 10,000 employees. These layoffs will be in Amazon’s Alexa-like devices, retail and human resources departments.
According to US media, this will be the biggest job cut by company. The job cuts mean 3 percent of Amazon’s corporate employees and less than 1 percent of its global workforce will be out of a job.
Amazon has more than 1.5 million employees worldwide.
It should note that the period before Christmas is very profitable for the company.
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Experts say the massive job losses ahead of Christmas show even successful businesses are under pressure as the global economy slows.