Amazon could "axe 10,000 workers" after economic forecasts predict slow growth, The New York Times and The Washington Post have reported, citing sources close to the matter.
The layoffs would start as soon as this week and affect as many as 10,000 people in the company’s devices organisation, retail division and human resources, in what would be the largest job cuts in the company’s history.
If confirmed, the redundancy plan would affect approximately 3 per cent of Amazon's corporate employees or 1 per cent of the company's total workforce, which employs over 1.5 million workers.
The news was surprising for some, as it has come during the critical holiday shopping season – when the company typically has valued stability – and follows an aggressive hiring spree.
The Covid-19 pandemic produced Amazon’s most profitable era on record, as consumers chose to do most of their purchases online to avoid the risk of contagion, and corporate...