Mati Barnhart, knitted news11/14/22 6:29 p.m. in Hashvan Tishpag
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After the dismissal of the giant in Facebook and Twitter, it seems that Amazon is also taking a hit. According to reports in the US from company officials, Amazon is expected to lay off about 10,000 workers starting next week, in what will be the largest mass layoffs in the company’s history.
The layoffs will be concentrated in the departments of the accompanying devices such as Alexa, in personnel and in retail.
The total number of layoffs is still unclear, but if it does approach 10,000, it will be about 1% of all the company’s employees in the world, a workforce of more than 1.5 million.
During the Corona period, the company was at its peak in terms of profits, so it doubled the number of employees and expanded significantly. But earlier this year, its growth slowed to its lowest level in two decades as the plague largely disappeared. The company had to deal with the decision to expand excessively, while inflation was climbing.
As we know, this is not the first mass layoffs in recent times in the high-tech industry. Last week, the “Meta” company, which owns Facebook, WhatsApp and Instagram, announced that it would lay off approximately 11,000 employees in the company – representing 13% of its workforce worldwide. This is one of the biggest cuts recorded in the technology market in recent years.
Meta CEO Mark Zuckerberg announced the extensive cut to the company’s senior managers, and the relevant employees will receive the notice of their layoffs in the coming days. According to Zuckerberg, the company has not met its growth forecasts in recent years – and as a result, a surplus of personnel has been created in the company. The peak came when Meta’s stock has dropped 75% of its value in the past year.
In the week before that, Twitter about half of its employees, just a week after it was bought by Musk. The owner tried to justify the move when he tweeted: “Twitter experienced a significant drop in revenue, following activist groups that put pressure on the violators. Unfortunately, we have no choice when the company loses 4 million dollars a day.”
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