News ID: 109799
Publish Date : 05 December 2022 - 21:56

Amazon to Lay Off 20,000 Employees, Including Top Executives

LONDON (Business-Standard) - Amazon is reportedly expected to lay off twice the number of employees it previously confirmed.
According to a new report by Computerworld, Amazon plans to lay off as many as 20,000 employees worldwide in the coming months.
The company ranks employees from level 1 to level 7, and employees at all levels will likely be affected, the report said.
The New York Times first reported in mid-November that Amazon would also fire employees after tech giants like Meta and Twitter went on a layoff spree.
The recent news report claimed that company managers over the last few days have been told to identify work performance problems among employees.
If Amazon slashes 20,000 employees, this would be mean a reduction in about 6 per cent of its corporate staff, and about 1.3 per cent of Amazon’s 1.5 million-strong workforce including global distribution center and hourly workers.
The impacted employees will be given a 24-hour notice and severance pay, in accordance with their company contracts.