Washington: The US multinational technology company Amazon has decided to lay off more than 18 thousand employees.
According to international media reports, Amazon has decided to lay off a large number of employees to cut costs for the company.
According to the report, the largest number of layoffs will be made in the company’s e-commerce and human resources departments, which Amazon will announce on January 18.
According to a British Broadcasting Corporation report, 6% of the company’s nearly 3 lakh corporate employees will be laid off, which is a major blow to the company’s business.
It should be noted that Amazon is the second largest private company in the United States, after Wal-Mart Inc., with a total of approximately 1.5 million employees.
The company’s CEO, Andy Jesse, claimed in his message that the unstable economy and increased hiring over the past few years have made this year’s annual planning more difficult.
Amazon is poised to slow its growth pace slightly after its stock price fell as rising inflation forced both businesses and consumers to cut back on spending.