Amazon has begun mass layoffs in its corporate ranks. The company has become the latest tech company to trim its workforce amid rising fears about the wider economic environment.
On November 15, the company notified regional authorities in California that it would lay off about 260 workers at various facilities that employ data scientists, software engineers and other corporate workers. Those job cuts would be effective beginning in January, 2023.
According to media reports, Amazon would not specify how many more layoffs may be in the works beyond the ones confirmed through California’s Worker Adjustment and Retraining Notification (WARN). WARN requires companies to provide 60 days’ notice if they have 75 or more full-time or part-time workers. Amazon employs more than 1.5 million workers globally, primarily made up of hourly workers.
The online retail giant, like other tech and social media giants, saw sizable profits during the COVID-19 pandemic, as homebound shoppers purchased more items online. However, the revenue growth slowed as the worst of the pandemic eased and consumers relied less on ecommerce.