The biggest Amazon layoff in the company's history is already happening.
The e-commerce giant's job cuts are expected to affect over 18,000 employees.
Although affected employees are just around 1% of Amazon's total workforce, they are still estimated to be around 6% of the retailer's overall corporate employees.
Of course, many individuals will be saddened by the mass layoffs. However, Amazon CEO Andy Jassy explained that it would help the company in its long-term goals.
Biggest Amazon Layoff Begins
According to Fox News' latest report, the largest Amazon layoff started on Wednesday, Jan. 18.
The e-commerce giant said that it would start contacting those who will be terminated.
"Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so," CEO Andy Jassy told Bloomberg.
He added that the layoffs and other changes would help the company achieve long-term opportunities.
Amazon is just among the large tech companies that reduce employees as part of cost-cutting efforts.
Aside from the e-commerce giant, Meta Platforms Inc., Intel Corp., Qualcomm Inc., Saleforce Inc., and Cisco Systems Inc. are also conducting mass layoffs.
Affected Divisions, Offered Assistance, Other Details
The latest mass layoffs of Amazon are expected to fall on the company's retail division and human resources.
Jassy said in his memo that affected workers will still be assisted before the company completely terminates them.
Assistance offered includes transitional health benefits, severance pays, and job placements in other companies.
The latest mass layoffs come as Amazon struggles with slowing online sales growth.
E-commerce also said that it is preparing for the possible recession that could affect its customers' spending power.
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In other news, Amazon employees in India were seen crying in their offices as layoffs continued.
We also reported that the e-commerce giant plans to shut down three Amazon facilities in the United Kingdom.
For more news updates about Amazon and its other cost-cutting activities, keep your tabs open here at TechTimes.
