Amazon.com Inc’s (AMZN.O) layoffs more than 18,000 employees

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Amazon.com Inc’s (AMZN.O) layoffs will now total more than 18,000 as part of a previously disclosed workforce reduction, Chief Executive Andy Jassy said in a public staff note on Wednesday.

The layoff decisions, which Amazon will announce on January 18, will primarily affect the company’s e-commerce and human-resources departments, he said. The layoffs represent 6% of Amazon’s roughly 300,000-person corporate workforce and mark a swift turn for a retailer that recently doubled its base pay ceiling in order to compete more aggressively for talent. Amazon employs over 1.5 million people, including warehouse workers, making it the country’s second-largest private employer after Walmart Inc. (WMT.N).

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Amazon.com Inc’s (AMZN.O) layoffs more than 18,000 employees

Amazon.com Inc’s (AMZN.O) layoffs will now total more than 18,000 as part of a previously disclosed workforce reduction, Chief Executive Andy Jassy said in a public staff note on Wednesday.

The layoff decisions, which Amazon will announce on January 18, will primarily affect the company’s e-commerce and human-resources departments, he said. The layoffs represent 6% of Amazon’s roughly 300,000-person corporate workforce and mark a swift turn for a retailer that recently doubled its base pay ceiling in order to compete more aggressively for talent. Amazon employs over 1.5 million people, including warehouse workers, making it the country’s second-largest private employer after Walmart Inc. (WMT.N).

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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