February 02, 2023 16:29 (IST)

Amazon plans to lay off 20,000 employees after over-hiring during pandemic: Report
Seattle/IBNS: E-commerce giant Amazon might lay off around 20,000 employees including corporate executives in the coming months, media reports said.
The tech giant, which employs more than 1.6 million globally, will likely lay off staff from various departments including distribution workers, corporate executives and technology.
The report by ComputerWorld added that the layoff would impact employees at all levels in the company, quoting anonymous sources familiar with the matter.
Last month, the New York Times reported that Amazon was planning to fire as many as 10,000 employees, which would mark the biggest layoff in the technology company's history.
However, now the report states that the number of laid-off employees could be doubled.
Latest Headlines
Gautam Adani clarifies on Ambuja and ACC shares Thu, Feb 02 2023
Budget 2023: New Savings Window For Women Thu, Feb 02 2023
Amid crisis, Adani Enterprises withdraws fully subscribed FPO Thu, Feb 02 2023
Budget 2023-24: Push for millets, bio gas, agri-tech, increased agriculture credit target welcomed Thu, Feb 02 2023
Budget 2023-24: EV sector welcomes custom duty reduction on capital goods for Lithium batteries manufacturing Wed, Feb 01 2023
Budget 2023-24 continues from the last year which steered India through toughest periods faced by mankind: BSE MD & CEO Sundararaman Ramamurthy Wed, Feb 01 2023
'High quality budget focusing on infra growth, fiscal discipline': Tata Steel CEO & MD T. V. Narendran Wed, Feb 01 2023
Union Budget 2023: SBI, PNB Housing, Kotak Investment Advisory react Wed, Feb 01 2023