Amid growing anxiety over the potential for a recession, Amazon in the past few months shut down a subsidiary that’s been selling fabrics for nearly 30 years and shuttered its hybrid virtual, in-home care service Amazon Care among other cost-cutting moves.
Jassy said last month that given the uncertain economy and the “uncertainty that exists in the near future," the company has chosen to be more streamlined.
Given the “uncertainty,” Amazon is undergoing the largest layoffs in its 29-year history. With the last announced 9,000 impending layoffs, the total number of job cuts the company is looking at stands at 27,000.
First Published: Apr 19, 2023 7:43 AM IST