Breaking: Amazon will lay off a total of more than 17,000 employees, a higher number than initially planned, people familiar with the matter say
The rest of the cuts will bring the total number of layoffs to more than 17,000 and will be made over the coming weeks, some of the people said. As of September, Amazon employed 1.5 million people, with a large percentage of them in its warehouses. The layoffs are concentrated in the company’s corporate ranks, some of the people said.as customers flocked to online shopping.
The rush to Amazon’s various businesses, from e-commerce to groceries and cloud-computing, pushed forward years of growth for the company. To keep up with demand, Amazon doubled its logistics network and added hundreds of thousands of employees., Amazon initiated a broad cost-cutting review to pare back on units that were unprofitable, the Journal reported.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | Biden to Renominate His Picks for Judicial and Diplomatic PostsThe White House intends to renominate dozens of presidential selections who failed to win confirmation from the Senate last year after the new one convenes
Read more »
WSJ News Exclusive | Biden Considers Visit to U.S.-Mexico BorderThe White House is strongly considering adding a visit to the U.S.-Mexico border to President Biden’s trip to Mexico City next week, according to people familiar with the discussions.
Read more »
WSJ News Exclusive | First Female Vice Chair of GE Lists Manhattan Townhome for $10.995 MillionGeneral Electric’s first female vice chair is listing her Manhattan townhouse for $10.995 million. Beth Comstock did a two-year, roughly $2.5 million renovation adding a rooftop deck.
Read more »
WSJ News Exclusive | Samsung’s Consumer-Products CEO Expects Tech Slump to Persist Through 2023Han Jong-hee wants to boost market share by improving integration between Samsung’s gadgets and appliances.
Read more »
How Public Employees Used COVID-19 Relief Funds for FraudOver the last few months, numerous public employees across the country have been arrested for fraud involving the misuse of COVID-19 relief funds. See the potential biases and similarities in reports from nytimes, foxnews and wsj:
Read more »
Florida National Park Closes After Hundreds of Migrants Arrive by BoatThe National Park Service closed Dry Tortugas National Park near the Florida Keys after roughly 300 migrants from Cuba arrived there over the weekend. See the potential biases and similarities in reports from axios, npr and nypost:
Read more »