India’s biggest online store, Amazon, has decided to eliminate employees from high-profile jobs such as human resources and other divisions beginning on Tuesday. The company expected to cut 30,000 corporate jobs, which represent a small portion of Amazon’s 1.55 million total employees, but a significant portion, about 10%, of its 3,50,000 corporate employees.
Amazon is working to reduce expenses and compensate for overhiring during the pandemic’s peak demand, according to reports. The company has been reducing jobs across several divisions, including HR, podcasting, device communications, and others, over the past two years. This layoff may affect a variety of divisions within Amazon, such as human resources (people experience), Technology devices and services, operations, and others.
This is the largest layoff at Amazon since the approximately 27,000 job eliminations in late 2022. Then again, in 2023, Microsoft and Amazon laid off around 25,000. The company’s share price rose 1.5 per cent to $227.53, suggesting they plan to report third-quarter earnings on Tuesday.
According to reports, managers were urged to undergo training on Monday on how to communicate with employees, following notifications that will begin being sent by mail tomorrow morning.
