Amazon Confirms Corporate Staff Cuts That Could Hit 10,000 Employees
source link: https://www.wsj.com/articles/amazon-to-cut-10-000-employees-from-corporate-ranks-11668617313
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Amazon Confirms Corporate Staff Cuts That Could Hit 10,000 Employees
CEO Andy Jassy is leading companywide cost-cutting review
Amazon AMZN -1.84%decrease; red down pointing triangle.com Inc. is trimming its corporate ranks, in a rare round of cuts for a tech giant that has mostly seen consistent growth throughout its history.
The company said Wednesday that it is shedding workers as part of efforts to control costs. Amazon could cut about 10,000 jobs, including in its retail, devices and human-resources divisions, a person familiar with the matter said, who also noted that the final number could change. The cuts would affect roughly 3% of its corporate staff and don’t appear likely to affect its hundreds of thousands of warehouse workers.
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