Robert Besser
23 Jan 2023, 11:20 GMT+10
Reuters has reported that Amazon.com is making plans to cut 18,000 employees worldwide, including in the US, Canada and Costa Rica.
The staff reductions are the latest in the US technology sector, where companies aim to cut costs to reverse pandemic-era excesses and prepare for the struggling global economy.
According to an update on the Worker Adjustment and Retraining Notification site, Amazon will lay off 2,300 employees in Seattle and Bellevue, Washington.
Earlier this month, Amazon.com Chief Executive Andy Jassy said that the cuts will constitute some 6 percent of the company's 300,000 corporate employees, and will mainly affect the e-commerce and human resources divisions.
This week, Microsoft also said it would cut about 10,000 jobs, which will cost it $1.2 billion.
The US labor law requires companies planning mass layoffs to inform employees 60 days in advance.
Get a daily dose of Kuala Lumpur Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kuala Lumpur Times.
More InformationKAOHSIUNG, Taiwan: In a significant milestone for its defense capabilities, Taiwan has unveiled its first domestically developed submarine. Although it ...
HONIARA, Solomon Islands: Prime Minister Manasseh Sogavare revealed that he opted out of a Pacific Islands leaders' summit at the ...
SACRAMENTO, California: Intending to raise some US$160 million per year to help prevent gun violence, California Governor Gavin Newsom signed ...
MANILA, The Philippines: The Philippines remains steadfast in its resolve not to yield to Chinese efforts to obstruct its fishermen ...
VICTORIA, Texas: This week, U.S. District Judge Drew Tipton in Victoria, Texas, ruled that President Joe Biden did not have ...
WASHINGTON D.C.: The National Transportation Safety Board (NTSB) said it is investigating a JetBlue flight on Monday that experienced sudden ...
QUETTA, Pakistan - The terrorist attacks in Mastung and Hangu have been vehemently denounced by the international community, including the ...
HONIARA, Solomon Islands: Prime Minister Manasseh Sogavare revealed that he opted out of a Pacific Islands leaders' summit at the ...
MANILA, The Philippines: The Philippines remains steadfast in its resolve not to yield to Chinese efforts to obstruct its fishermen ...
SHAN STATE, Myanmar - According to a military source and a representative of a local rescue organization, a bomb explosion ...
DHAKA, Bangladesh - According to U.S. Ambassador to Bangladesh Peter Haas, addressing Dhaka's air quality problem is essential for public ...
ISLAMABAD, Pakistan - According to a high-ranking government official who briefed a parliamentary panel on Wednesday, although Pakistan has accelerated ...