Amazon laying off hundreds after years-long hiring spree
It is trimming sections of existing retail business in favour of adding jobs in rapidly-growing sectors
Seattle
AMAZON is laying off hundreds of workers in its Seattle headquarters and beyond, reversing a years-long trend of breakneck hiring and expansion, according to a person familiar with the company's decision.
The online giant, which last year added nearly 130,000 employees globally, will cut "a few hundred" positions in its Seattle headquarters, as well as hundreds more globally, the person said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think