Amazon, the world's leading e-commerce company, announced Monday that it would lay off 9,000 employees over the next few weeks.
Amazon has decided to lay off more than 9,000 employees in this case, citing the unfavourable economic environment. The company has been reported to have taken this layoff to reduce its costs, while there has been little profit in Amazon's revenue for the past few years.
CEO Andy Jassy Amazon CEO Andy Jassy said the second phase of Amazon's annual planning process was completed this month, leading to additional liquidation activity. But he also said that Amazon is looking to hire new people in other departments.