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Amazon reportedly plans sweeping layoffs that could affect thousands of employees

<p>Amazon could announce sweeping layoffs as early as this week, according to The New York Times (https://www.nytimes.com/2022/11/14/technology/amazon-layoffs.html). The company reportedly plans to cut approximately 10,000 corporate employees, with staff at its consumer-facing devices division among those who are likely to be affected by the move. Amazon employs approximately 1.5 million people globally (https://www.engadget.com/amazon-pay-increase-hourly-workers-warehouses-transportation-083510779.html). If the company moves forward with the cuts as reported, they would affect about three percent of its corporate workforce and would represent the largest reorganization in Amazon’s nearly 30-year history.</p><p>Amazon did not immediately respond to Engadget’s request for comment. Mass layoffs have been a frequent occurrence in the US tech sector in recent weeks. On November 9th, Facebook parent company Meta cut about 13 percent of its workforce (https://www.engadget.com/meta-mass-layoffs-facebook-111406126.html), a move that saw more than 11,000 people lose their jobs at the social media giant. Before that, Twitter was decimated after Elon Musk ordered a 50 percent reducation (https://www.engadget.com/twitter-layoffs-010148183.html) of the company’s headcount. Over the weekend, the company also let go of most of its contract workers (https://www.engadget.com/twitter-reportedly-cuts-contract-workers-173755779.html). Smaller firms like Lyft and Snap have laid off employees in recent months as well.</p><span id="end-legacy-contents"></span><p>For Amazon, the planned layoffs are reflective of the company's changing fortunes. Thanks to early pandemic lockdown measures, the retail giant experienced record growth (https://www.engadget.com/amazon-q1-2021-210221698.html) and went on a hiring spree (https://www.engadget.com/2020-03-16-amazon-hiring-warehouse-delivery-workers.html) that saw its workforce double. In recent months, however, the company has seen growth slow due to a combination of mounting costs and the return of in-person shopping. The company recently posted a $2 billion loss (https://www.businesswire.com/news/home/20220727006066/en/) and froze hiring at its corporate offices (https://www.engadget.com/amazon-corporate-hiring-freeze-200453634.html).</p>

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