Jan 18 (Reuters) – Amazon.com Inc
The layoffs are the latest in the U.S. tech sector, as companies slash their bloated workforce and cut costs to reverse pandemic-era excesses and prepare for a deterioration in the global economy.
The company is laying off 2,300 employees in Seattle and Bellevue, according to an update on the Worker Adjustment and Retraining Notification (WARN) site. US labor law requires companies planning mass layoffs to notify their employees 60 days before the shutdown.
Amazon.com chief executive Andy Jassy said earlier this month that the layoffs of around 6% of the company’s roughly 300,000 employees would primarily impact the e-commerce and human resources. Read more
Microsoft
Reporting by Tiyashi Datta, Eva Mathews and Maria Ponnezhath in Bengaluru; Editing by Krishna Chandra Eluri, Shinjini Ganguli and Uttaresh.V
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