Jan 18 (Portal) – Amazon.com Inc (AMZN.O) will cut some jobs in the United States, Canada and Costa Rica by the end of Wednesday as part of its plan to lay off 18,000 employees, the e-commerce giant said in a memo to employees seen by Portal.
The layoffs are the latest in the US tech sector as companies shed bloated workforces and cut costs to reverse pandemic-era excesses and prepare for a deteriorating global economy.
The company is laying off 2,300 workers in Seattle and Bellevue, according to an update on the Worker Adjustment and Retraining Notification (WARN) website. US labor law requires companies planning a mass layoff to give employees 60 days’ notice of the closure.
Amazon.com chief executive Andy Jassy said earlier this month that the cuts, about 6% of the company’s roughly 300,000 corporate employees, would primarily affect e-commerce and human resources. Continue reading
Microsoft (MSFT.O) earlier Wednesday said it would cut about 10,000 jobs and impose a $1.2 billion fee. Continue reading
Reporting by Tiyashi Datta, Eva Mathews and Maria Ponnezhath in Bengaluru; Edited by Krishna Chandra Eluri, Shinjini Ganguli and Uttaresh.V
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