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Amazon is laying off thousands of its employees to face the economic crisis

2022-11-18T09:24:19.782Z


San Francisco, SANA- The e-commerce giant Amazon announced that it has started laying off thousands of employees


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The e-commerce giant Amazon announced that it had started to lay off thousands of employees, to face the economic crisis, after rumors had been going on for days about a “social plan” that the group was preparing.

And Agence France-Presse quoted the CEO of the American company, “Andy Gacy,” as saying in an internal memo published on the Amazon website: “The American economy is still in a complex situation, and we have hired employees quickly in recent years,” and this is wrong, adding: The layoff process has begun. Yesterday I and will continue at the beginning of next year.

A number of US media outlets stated that the platform, in its various branches, will lay off about ten thousand employees.

The layoff procedures include, in the first stage, the crews working in the field of electronic devices for the brand, such as the “Kindle” reading devices, while the existing shops will not be affected by the layoffs.

"There will be more job cuts as managers advance their adjustments, and employees and relevant organizations will be informed of these decisions early next year," Gacy said.

Amazon employed a large number of workers during the Corona epidemic, to meet the increasing demand for its site.

The number of its global employees doubled between the beginning of 2020 and 2022, but the American company witnessed a decline in its net profits by 9 percent on an annual basis in the third quarter of this year, and it also expects slight growth in the current quarter.

Source: sena

All business articles on 2022-11-18

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