In the current recession, Amazon’s removal of 18,000 employees will be the biggest layoff ever. By the end of September, more than 1.5 million employees were associated with Amazon.
Layoffs have started in IT giant Amazon. This has been confirmed by the company’s CEO Andy Jassy himself. He has said that layoffs are starting and more than 18000 employees from the company will be affected by this, which includes thousands of employees in India as well.
Let me tell you, in the past also there were indications in some reports that the company could lay off more than 1000 employees in India. This will affect technical, human resources and other departments. Last week, the company’s CEO Andy Jassy said in his blog that the company will communicate with the employees affected by the layoffs after January 18.
Layoffs started in Gurugram-Bengaluru offices
According to media reports, layoffs have started in Amazon’s Gurugram, Bengaluru and other offices in India. In this, the loss-making departments have been affected the most. The employees being fired from the company include both freshers and experienced.
Affected employees will get five months salary
According to reports, Amazon has sent an email to the fired employees offering five months advance salary. The employees have been asked to meet the leadership team on a specific date. According to sources, the layoffs at Amazon have just begun and are expected to last for weeks to come.
Biggest layoff in recession
In the current recession, Amazon’s removal of 18,000 employees will be the biggest layoff ever. By the end of September, more than 1.5 million employees were associated with Amazon. The layoffs mean that the latest cuts will be around one per cent of the workforce. The company has approximately 350,000 corporate employees worldwide.
More than 1.5 lakh jobs lost last year
According to tracking site layoff.fyi, the tech industry lost 1.5 lakh jobs last year. The phase of retrenchment will continue in the new year as well.
- Facebook’s parent company Meta laid off 11,000 employees in November.
- Snapchat laid off 1,200 in August.
- Twitter fired 7,500 in October.
- According to the Crunchbase tally, tech companies in the US will have 9,1000 layoffs in 2022.
Stir in tech companies around the world
There is a stir in tech companies around the world amidst the fear of global economic recession. Apart from Twitter, Meta, Amazon, HP Inc can also lay off about 6,000 employees. Recently, PepsiCo has also announced cutbacks.
These companies also plan to cut
Company Number
Salesforce 8,000
HP 6,000
Cisco 5%
Chime 160
Coinbase 60
Vimeo 11%
Stripe 14%
Kraken 30%
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