Amazon May Lay Off 10,000 Employees Starting This Week

Amazon

The holidays should be jolly, but about 10K Amazon employees may find themselves on the unemployment line before Thanksgiving. The story appeared earlier today in The New York Times with the rumor that Amazon could lay off workers from three specific divisions: devices organizations, retail, and human resources. No direct source is cited, with the NYT only saying that this information comes from people who were “not authorized to speak publicly.”

Since we have no concrete evidence of which divisions will be impacted by these rumored cuts, we need to look at Amazon’s current projected growth. As recently as 2021, Amazon had as many as 15 new distribution centers in the planning and construction stages. While I cannot say if any of these have been axed since I was last associated with the projects, a new distribution center is just about to open, not too far from me. So, I doubt the cuts will affect the hourly staff at these shipping locations. According to the NYT, these centers employ 1.5 million people worldwide.

Perhaps Amazon is trimming the fat at the top to recoup some of the cost of The Rings of Power‘s supposed billion-dollar budget. Nah, that’s just me being cynical. However, this wouldn’t be the first time a major online business chopped staff. Last week Meta terminated the employment of 13% of its 11K global staff. This was announced in a memo from Mark Zuckerberg himself.

As of just an hour ago, the company formerly known as Facebook slashed an additional 726 positions in the company’s Seattle and Bellevue offices. The total number of employees in this region was about 8,000. Surprisingly, the Meta Store in Burlingame, California, is still open.

What do you think of all these cuts? Is it truly because of the economy, or is something else in the works? Let us know your thoughts and opinions in the comments section below.

[Source: The New York Times] [Source: CNBC] [Source: MSN]

Mike Phalin

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