Amazon Fires 9000 Employees In The Second Round Of LayoffsSophia Loren (Author) Published Date : Mar 21, 2023 15:17 IST
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.
Due to the global economic recession, many leading tech companies, including Google, Meta, and Twitter, are laying off employees to cut costs.