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Amazon layoffs ‘being prepared’ as sales slow – reports

Thousands of office jobs may be lost at Amazon, according to reports, as a result of sluggish sales and worries about a recession.Information Guide Nigeria

US media outlets quoted unidentified sources as saying that 10,000 employees, or around 3% of the e-commerce giant’s office workers, may be impacted by the reductions.

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Divisions like e-commerce and personal gadgets are predicted to be impacted by the reduction.

An inquiry for comment from Amazon was ignored.

Given that it had overhired during the pandemic, the corporation had already instituted a hiring freeze and stopped some of its warehouse expansions. A personal delivery robot project, among other initiatives to close down some of its operations, has been abandoned.

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In its yearly evaluation of business operations, the corporation announced last week that cutting costs will be a priority.

“As part of this year’s review, we’re of course taking into account the current macro-environment and considering opportunities to optimize costs,” the company said in a statement then.

According to media sources, the exact number of positions that will be eliminated remains uncertain.

After experiencing a sales spike during the pandemic, Amazon’s online sales have slowed.

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Despite a 15% increase in overall revenue in the most recent quarter, the company has remained apprehensive about the future as the slowdown spreads to other areas, including its cloud computing division, Amazon Web Services, which has historically driven its earnings.

Jeff Bezos, who has resigned as chief executive but remains chairman of the board, stated on social media that it was time to “batten down the hatches.

Amazon joins a spate of other technology businesses in announcing layoffs and predicting an economic collapse. Meta, the parent company of Facebook, Instagram, and WhatsApp, recently announced that it would eliminate 11,000 workers, the largest reduction in its history, or around 13% of its workforce.

According to a survey by Challenger, Gray & Christmas, which analyzes such announcements, U.S.-based tech companies have cut more than 28,000 employees so far this year, which is more than double the number of layoffs from a year earlier.JAMB Result

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Emediong Silver

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing. Whatapp: 08088735884

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