Amazon Set to Lay Off 10,000 Employees (Report) November 15 2022

Facing a slowdown in sales, Amazon plans to lay off about 10,000 employees in corporate and technology positions, starting as soon as this week

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Citing anonymous sources, the Times reported that the layoffs will be concentrated on Amazon’s devices group

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Including the Alexa voice assistant, along with its retail and HR groups.

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The job cuts — which would be the largest in Amazon’s history — would represent about 3% of corporate headcount.

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The layoffs would represent less than 1% of Amazon’s total employee base of more than 1.5 million, mostly comprised of hourly workers.

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Amazon did not respond to a request for comment. The reported job cuts at Amazon come after other tech companies have axed their workforces, including Meta, Snap and Twitter.

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Even with the layoffs in corporate jobs, Amazon last month said it intends to hire 150,000 employees throughout the U.S. in full-time, part-time and seasonal roles

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The ecommerce giant expects revenue growth to slow down considerably in Q4, projecting net sales for the year-end quarter to be between $140 billion and $148 billion

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Per the Times report, Amazon two weeks ago froze corporate hiring across the company including the AWS cloud computing division for the next few months.

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In announcing Q3 earnings, Amazon CEO Andy Jassy said the company has “a set of initiatives that we’re methodically working through that we believe will yield a stronger cost structure for the business moving forward.“

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