Amazon to lay off staff in US, Canada and Costa Rica by end of day

Jan 18 (Reuters) – Amazon.com Inc will cut some jobs in the United States, Canada and Costa Rica by the end of Wednesday as part of its plan to lay off 18,000 employees, a said the e-commerce giant. in a note to staff seen by Reuters.

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 said earlier Wednesday it would cut about 10,000 jobs and take a $1.2 billion charge. Read more

Reporting by Tiyashi Datta, Eva Mathews and Maria Ponnezhath in Bengaluru; Editing by Krishna Chandra Eluri, Shinjini Ganguli and Uttaresh.V

Our standards: The Thomson Reuters Trust Principles.

.

Leave a Comment

Your email address will not be published. Required fields are marked *