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 Vancouver Star 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 Vancouver Star.
More InformationWASHINGTON, DC - The global community has extended aid to Turkey and Syria following the devastating earthquakes that hit the ...
WASHINGTON D.C.: US lawmakers have called on the Department of Energy to release documents detailing attempts by Russian hackers to ...
Photo credit: Ercin Erturk / Anadolu AgencyThe death toll from Monday's massive 7.8 magnitude earthquake in Turkey and Syria has ...
WASHINGTON D.C.: In a sign of future political battles over record numbers of illegal crossings under Democratic President Joe Biden, ...
MOSCOW, Russia: Russian state-run TASS news agency has reported that a US woman was detained and fined by a Russian ...
ISLAMABAD, Pakistan - Former President General (retd) Pervez Musharraf died in a Dubai hospital on Sunday at the age of ...
VEVEY, Switzerland: In an interview with Frankfurter Allgemeine Zeitung this week, Nestle's Chief Executive Mark Schneider said the world's largest ...
WASHINGTON D.C.: Despite the efforts of the Federal Reserve Bank to cool the job market to help curb record-high inflation, ...
NEW YORK, New York - A sharp rise in U.S. Treasury yields kept buyers at bay on Wall Street on ...
WASHINGTON D.C.: A report released this week detailed how, in January, layoffs in the US reached a more than two-year ...
PARIS, France: Following an 18 month controversy that exposed the workings of the global jet market, Airbus and Qatar Airways ...
TOKYO, Japan: Japan is preparing to revise legislation to allow it to restrict the export of advanced semiconductor manufacturing equipment ...