Amazon to lay off thousands of employees

Amazon To Lay off Thousands of Employees, According To Linkedin Posts

According to posts on LinkedIn Posts by people who have lost their jobs because of Amazon’s job cuts, Amazon To Lay off Thousands of Employees, It was said this week that the company plans to get rid of 10,000 jobs, which is about 3% of its office staff.

When the BBC asked Amazon for a comment, Amazon did not answer right away.

It comes at a time when the tech industry is cutting thousands of jobs because sales are slowing and worries about a recession are rising. The BBC saw posts from people who worked for Amazon’s Alexa virtual assistant, Luna cloud gaming platform, and Lab126, the company that made the Kindle e-reader.

Amazon To Lay off Thousands of Employees

One employee who said she worked as a software development engineer in the US posted that she was looking for a new job: “Due to the nature of my visa, I have a limited amount of time to look for new work opportunities.”

Another Amazon worker who was affected by the layoffs said, “Of course I’m sad, but I’m optimistic about the future because I know this is a good change for me and others on my team.”

Amazon to lay off thousands of employees
Amazon to lay off thousands of employees

The company had already put a hold on hiring and stopped some warehouse expansions because it thought it had hired too many people during the pandemic. It had also taken steps to shut down some parts of its business. For example, it stopped working on a project to make a personal delivery robot.

Read Relevant News

Jeff Bezos, the founder and chairman of Amazon, said that the US economy was sending a message to “batten down the hatches” last month.

This year, Amazon’s share price has dropped by more than 40% because online sales have slowed down. Other big tech companies have already said they will lay off a lot of people as a way to save money.

Meta, which owns Facebook, Instagram, and WhatsApp, said last week that it would be laying off 13% of its staff.

There will be mass layoffs for the first time in the company’s history, and 11,000 people will lose their jobs. Shortly after Elon Musk took over Twitter, it became clear that he would cut the number of employees by about half.

In the past few weeks, layoffs have been announced by Microsoft, the payment processing platform Stripe, and the cloud-based business software company Salesforce.

‘Amazon is very, very bloated’

A person who works in the technology industry in Seattle but didn’t want to be named told the BBC that the job market has changed a lot in the past few weeks.

Amazon To Lay off Thousands of Employees
Amazon To Lay off Thousands of Employees

“Because of remote work, there have been a lot of good job opportunities in the last two years. This is because you don’t have to limit your job search to your local area. Because of this, it’s become very hard to find good people, so wages have gone up a lot.”

“Budgets and staffing are getting smaller right now.” He said that technology companies, like Amazon, will probably be hit the hardest.

“Amazon is really, really fat. So there are a lot of people there, but they don’t add much value, so they’re the first ones to go.”

Keep yourself attached to our website NogMagazine.com for the current updates. We will keep updating it as needed.

%d bloggers like this: