Amazon makes fresh job cuts, mainly in retail division
Amazon has initiated a new round of job cuts affecting fewer than 1,000 employees, primarily within its retail and stores division. The company cited the need to adjust its structure following pandemic-era overhiring.
Why it matters
These layoffs reflect the ongoing correction in the tech sector as companies adjust their workforce sizes to post-pandemic economic realities.
Amazon confirmed on Wednesday it had cut what it said were a small number of jobs, primarily in its Stores unit which oversees the main e-commerce website.
The layoffs to its retail unit coincide with one of Amazon’s biggest shopping days, which it calls Prime Big Deal Days. The promotion started on Tuesday and runs through Wednesday, offering varying discounts.
The cuts are the latest in a series of small reductions since a larger round of 30,000 job cuts that began last year and continued into January. Some affected employees reached out to Reuters and shared posts from internal Slack channels about the news.
Amazon let go fewer than 1,000 white-collar workers, a person familiar with the matter said. Business Insider earlier reported the layoffs.
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