Amazon will lay off thousands of employees in the United States, Canada and Costa Rica by Wednesday (local time). The company reports this to its employees in a memo that has come into the hands of Reuters.
In early January, CEO Andy Jassy announced that the company would lay off about six percent of its approximately 300,000 employees. In total, more than 18,000 jobs would be cut, Jassy wrote in a circular to civil servants.
Amazon’s downsizing is part of a larger upheaval among tech and internet companies. In addition to Amazon, Microsoft also recently announced mass layoffs – about 11,000 jobs at the Windows group will be cut. Thousands of employees have also recently been laid off on Facebook.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
