Amazon will become the latest technology company to make massive job cuts, laying off about 10,000 people in its corporate and technology workforce as soon as this week, according to a New York Times report this morning.
The cuts will focus on the division that makes the company’s Echo devices and Alexa voice assistant, Amazon’s retail operations, and human resources, the newspaper reported, citing unnamed people with knowledge of the plan.
Amazon officials have not yet responded to a request for comment on the report.
If the job cuts go forward as reported, they would be the largest in the history of the Seattle tech giant. Amazon employs 75,000 people in the Seattle region, many of them corporate and tech workers, as part of its workforce of 1.54 million people around the world, including warehouse workers who would not be impacted.
Amazon CFO Brian Olsavsky told analysts on Amazon’s recent earnings call that the company was preparing for “what could be a slower growth period” due to increased foreign currency headwinds, global inflation, heightened fuel prices, and rising energy costs. The cuts follow a period of rapid growth for the company during the pandemic.
The company told employees two weeks ago that it would freeze corporate hiring for a few months.
Others that have recently announced plans to lay off workers include Lyft, Twitter, Redfin, Meta, Opendoor, Stripe, and many other technology companies with a presence in the Pacific Northwest.
Developing story, more to come.