"Amazon will fire 10,000 people", Bezos also cuts the workforce (after Twitter and Meta) - Corriere.it
E-commerce giant Amazon is considering about 10,000 job cuts. The layoffs could kick in as early as the week of Monday, Nov. 14, 2022, in what would be the largest job cut in company history. To reveal it New York Times which is based on sources internal to the company. The cuts will focus on Amazon's device business, including its Alexa voice assistant, retail division, and human resources. If the number of layoffs were confirmed, it would represent about 3% of Amazon's corporate employees, just under 1% of its global workforce, which numbers more than 1.5 million workers, much of them paid by the hour.
The crisis of big tech
The news comes after Twitter, recently acquired by Elon Musk, laid off about half of its 7,500 employees and Meta Platforms, owner of the Facebook and Instagram platforms, decided to cut 13% of its workforce, or over 11,000 employees. after Meta-Facebook has lost 70% of its value in the last year. The cuts are therefore the answer to a difficult moment even for big-tech companies, in the fight against soaring costs and the weakness of the advertising market. A physiological slowdown after the boost that the pandemic has given to online services and remote relationships, but which fits into a global crisis, with the difficulty for technology companies to find their raw materials such as semiconductors.
Meanwhile, Amazon pays for the rumors, with the title falling by 2.5% on the market on November 14th. In addition, after shares in Jeff Bezos's company have dropped 39.5% since the beginning of the year, Bank of America removed Amazon from its list of best investments for shareholders, known as US1.
The Apple exception
Who at the moment seems to be resisting the wave of Apple layoffs, with CEO Tim Cook announcing in an interview with CBS that the company is trying to take a more sober attitude on hiring, focusing on expanding staff only in some key roles. What we're doing as a result of this period is that we're very careful about our hiring, Cook said, noting that the company is continuing to hire, but not everywhere. Cook added that Apple executives believe strongly in investing for the long term and that the return of employees to the office will help them stay focused on the product and collaborate with each other.
