Quick overview

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Amazon is anticipated to start emailing staff members about the layoffs on Tuesday morning. According to Reuters, which broke the story first, the company intends to fire up to 30,000 employees across its corporate workforce. As of the end of the second quarter, Amazon employed over 1.54 million people worldwide, making it the second-largest private employer in the country.

The layoffs will represent the biggest reductions in Amazon’s corporate workforce in the company’s history,

 

 

Its warehouse employees make up the majority of that number. It employs about 350,000 corporate workers. According to Layoffs, the anticipated layoffs would also be the largest job losses in the tech sector since at least 2020. FYI. Since the beginning of the year, over 200 tech companies have let go of about 98,000 workers, according to data released on Monday.

Approximately 15,000 employees have been let go by Microsoft thus far this year, and Meta eliminated about 600 positions in its artificial intelligence division last week. Earlier this month, Google eliminated over 100 design-related positions in Salesforce and its cloud division.

CEO Marc Benioff stated that the company laid off 4,000 customer service employees in September, citing the company’s growing use of AI as the reason for the layoffs. This year, Intel eliminated 22,000 jobs, the most of any company listed by Layoffs. FWIW. 2023 was the year with the greatest number of job losses in the tech sector as the sector dealt with skyrocketing inflation and rising interest rates. According to the website, nearly 1,200 tech firms eliminated over 260,000 jobs.