Robert Besser
23 Jan 2023, 11:20 GMT+10
Reuters has reported that Amazon.com is making plans to cut 18,000 employees worldwide, including in the US, Canada and Costa Rica.
The staff reductions are the latest in the US technology sector, where companies aim to cut costs to reverse pandemic-era excesses and prepare for the struggling global economy.
According to an update on the Worker Adjustment and Retraining Notification site, Amazon will lay off 2,300 employees in Seattle and Bellevue, Washington.
Earlier this month, Amazon.com Chief Executive Andy Jassy said that the cuts will constitute some 6 percent of the company's 300,000 corporate employees, and will mainly affect the e-commerce and human resources divisions.
This week, Microsoft also said it would cut about 10,000 jobs, which will cost it $1.2 billion.
The US labor law requires companies planning mass layoffs to inform employees 60 days in advance.
Get a daily dose of South America Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to South America Times.
More InformationWASHINGTON D.C.: Republican US Senator Josh Hawley has said that he plans to introduce a bill to ban the use ...
WASHINGTON D.C.: This week, the US Food and Drug Administration (FDA) proposed significant limits on levels of lead in processed ...
WASHINGTON, D.C.: Finland and Sweden are prepared to join the NATO alliance, the U.S. State Department announced this week.The move ...
WASHINGTON D.C.: The US Justice Department has filed an antitrust complaint claiming that Google is abusing its dominance in digital ...
Public health experts have welcomed Mexico's ban on cigarette smoking in all public places, including hotels and beaches, after the ...
YONKERS, New York: After testing discovered harmful levels of heavy metals in chocolate, consumer magazine Consumer Reports has urged four ...
PHNOM PENH, CAMBODIA - As Indonesia assumes the rotating chair of the Association of Southeast Asian Nations for 2023, pressure ...
TIJUANA, Mexico - Hours before sunrise, migrants at one of Mexico's largest shelters wake up and go online, hoping to ...
The U.S. and Colombian men's national teams played to a 0-0 tie in a friendly at Carson, Calif., on Saturday. ...
Olivier Nkamhoua poured in a career-high 27 points and Zakai Zeigler added 22 points and 10 assists as No. 4 ...
Lima, Peru - Peru's embattled president Dina Boluarte on Saturday urged lawmakers to find a way out of a deepening ...
Rourkela (Odisha) [India], January 28 (ANI): Malaysia, France and Argentina registered wins in their respective classification matches in the ongoing ...