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Amazon laying off 10,000 in corporate, technology jobs (reports) – syracuse.com

The Amazon logo is seen in Douai, northern France, April 16, 2020. AP Photo/Michel Spingler, File
Amazon is planning to lay off about 10,000 employees in corporate and technology jobs, according to new reports.
The New York Times and The Wall Street Journal reported Monday that layoffs are expected this week, primarily in the online retail giant’s devices organization, retail division and human resources. The WSJ reported Amazon’s Alexa group, which produces its Echo hardware and associated software, loses up to $5 billion a year.
The new Amazon distribution center in Clay, which opened earlier this year, is not expected to be affected. The 3.8 million-square foot facility, one of the largest warehouses in the world, employed 2,500 full-time workers at the end of September and offered hiring bonuses last month to attract 700 more employees for the holiday rush.
Amazon hinted at cuts to its corporate workforce by putting a freeze on hiring in some departments last week “with the economy in an uncertain place and in light of how many people we have hired in the last few years.” The pause is expected to remain in place for a few months, but “there are some targeted places where we will continue to hire people incrementally.”
The company has not commented on the reported layoffs. Ten thousand job cuts would represent less than 1% of Amazon’s global workforce and 3% of its corporate employees, according to CNBC.
Yahoo! Finance reports Amazon has been struggling in recent months as its retail division has slowed from the peak of the Covid pandemic and huge amounts of money have been spent building more warehouses and more than doubling its employees from 798,000 at the end of 2019 to 1.6 million in December 2021. The company also closed Amazon Care, its health care service, and is reportedly considering leasing out space in its facilities.
Shares of Amazon were down about 2.5% on Monday, according to CNBC, and on pace for its worst year since 2008.
Other tech companies that have made significant layoffs recently include Twitter, which slashed half of its staff when Elon Musk took over, and Facebook parent Meta, which axed 11,000 jobs as it faces faltering revenue in an economic slowdown.
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