Amazon is laying off employees in the United States, Canada and Costa Rica by the end of the day

January 18 (Reuters) – Inc (AMZN.O) The e-commerce giant said in a note to employees seen by Reuters that it 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 layoffs are the latest in the US tech sector, as companies slash their bloated workforce and cut costs to reverse pandemic-era excesses and prepare for a worsening global economy.

The company is terminating 2,300 employees in Seattle and Bellevue, according to an update on the Worker Amendment and Retraining Notice (WARN) website. U.S. labor law requires companies planning mass layoffs to notify employees 60 days in advance of closing. CEO Andy Jassy said earlier this month that the cuts, about 6% of the company’s roughly 300,000 employees, will mostly affect its e-commerce and human resources departments. Read more

Microsoft (MSFT.O) It said earlier on Wednesday that it would cut about 10,000 jobs and take $1.2 billion in compensation. Read more

Additional reporting by Tyachi Datta, Eva Mathews and Maria Ponizath in Bengaluru; Editing by Krishna Chandra Elori, Chingini Ganguly and Uttaresh

Our standards: Thomson Reuters Trust Principles.

Leave a Reply

Your email address will not be published. Required fields are marked *