Robert Besser
23 Jan 2023, 11:20 GMT+10
Reuters has reported that Amazon.com is making plans to cut 18,000 employees worldwide, including in the US, Canada and Costa Rica.
The staff reductions are the latest in the US technology sector, where companies aim to cut costs to reverse pandemic-era excesses and prepare for the struggling global economy.
According to an update on the Worker Adjustment and Retraining Notification site, Amazon will lay off 2,300 employees in Seattle and Bellevue, Washington.
Earlier this month, Amazon.com Chief Executive Andy Jassy said that the cuts will constitute some 6 percent of the company's 300,000 corporate employees, and will mainly affect the e-commerce and human resources divisions.
This week, Microsoft also said it would cut about 10,000 jobs, which will cost it $1.2 billion.
The US labor law requires companies planning mass layoffs to inform employees 60 days in advance.
Get a daily dose of Manila Metro news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Manila Metro.
More InformationTOKYO, Japan: In light of a tense security environment following Russia's invasion of Ukraine and Moscow's growing military cooperation with ...
BEIJING, China: As COVID-19 restrictions and a slowing economy curbed consumer demand in 2022, China's smartphone sales witnessed a record ...
MANILA, Philippines: In an effort to attract more tourists, President Ferdinand Marcos has approved a value-added tax refund program for ...
MANILA, Philippines: After a Filipina domestic worker was killed and dumped in the desert in the oil-rich emirate of Kuwait, ...
SEOUL, South Korea: South Korean officials have said that the government will double energy vouchers and provide discounts on gas ...
WASHINGTON D.C.: The US State Department has said that in the latest fiscal year, US military equipment exported to foreign ...
BOSTON, Massachusetts: Russian businessman Vladislav Klyushin, who has ties to the Kremlin, has been accused of making tens of millions ...
TOKYO, Japan: In light of a tense security environment following Russia's invasion of Ukraine and Moscow's growing military cooperation with ...
DALLAS, Texas: Oil and gas pipeline operators are preparing to stockpile equipment following severe weather forecasts for the next few ...
WASHINGTON D.C.: As US lawmakers investigate the Chinese-owned video-sharing app TikTok, its Chief Executive, Shou Zi Chew, has confirmed that ...
TEHRAN, Iran: A gunman this week stormed the Azerbaijan Embassy in the Iranian capital, Tehran, and killed its security chief ...
WASHINGTON, DC - FBI agents on Wednesday searched for classified documents at U.S. President Joe Biden's vacation retreat in the ...