Amazon
Amazon likely to lay off 1000 employees amid losses: Report
Seattle/IBNS: Amazon is likely to lay off thousands of employees and implement cost-cutting measures as the last few quarters haven't been profitable, media reports said.
The e-commerce company might fire as many as 10,000 employees starting as soon as this week, according to New York Times.
If the total number of layoffs stays around 10,000, it would be the biggest layoff in the history of Amazon.
The job cuts will target the devices group, including the one responsible for the Alexa voice assistant, along with the retail division and human resources, NYT reported citing anonymous sources.
Amazon, after a months-long review, has cautioned employees in some unprofitable units to look for other opportunities within the company, the Wall Street Journal reported.
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