Amazon to cut 10,000 jobs, US report suggests

The reductions come amid slowing sales as rampant inflation forces households to cut discretionary spending.

According to the New York Times, which cited anonymous sources, the bulk of the cuts are being made in the corporate and technology divisions.

The publication said jobs in the devices section of the company as well as human resources and e-commerce are at risk.

The 10,000 staff figure represents 1% of the company’s 1.5m workforce, and 3% of its corporate workforce.

It is not known how many UK employees at the company will be affected.

The tech giant, based in Seattle, reported a poor growth forecast in the present quarter.

Amazon, along with the tech sector in general, experienced huge growth during the pandemic as shops were shut and online shopping increased.

But the sector was hit by an economic slowdown as the boost from the pandemic subsided and a global recession looms.

Amazon has declined to comment on the reports.

The report follows news of a series of tech firms to cut thousands of jobs in recent days.

Elon Musk cut around half of Twitter’s workforce after taking over the company at the end of last month.

Meta, which owns Facebook, WhatsApp and Instagram, also confirmed last week that 11,000 employees will be cut from its global workforce.

In October, cut 1,000 jobs from its global workforce across multiple divisions.

Microsoft have also announced staff layoffs in recent months.