BR100 Increased By (0.26%)
BR30 Increased By (0.18%)
KSE100 Increased By (0.29%)
KSE30 Increased By (0.22%)
AGHA 6.67 Decreased By ▼ -0.02 (-0.3%)
BECO 4.36 Decreased By ▼ -0.01 (-0.23%)
BML 57.67 Decreased By ▼ -1.56 (-2.63%)
BOP 29.79 Decreased By ▼ -0.01 (-0.03%)
CNERGY 12.80 Increased By ▲ 0.07 (0.55%)
CSIL 5.24 Increased By ▲ 0.07 (1.35%)
FCCL 52.75 Increased By ▲ 0.59 (1.13%)
FFL 14.00 No Change ▼ 0.00 (0%)
FNEL 1.19 No Change ▼ 0.00 (0%)
KEL 6.16 Increased By ▲ 0.12 (1.99%)
KOSM 5.59 Decreased By ▼ -0.03 (-0.53%)
LOTCHEM 25.56 Decreased By ▼ -0.03 (-0.12%)
MLCF 91.32 Increased By ▲ 0.42 (0.46%)
NBP 162.45 Increased By ▲ 0.44 (0.27%)
NCPL 52.71 Decreased By ▼ -0.01 (-0.02%)
NPL 56.70 Increased By ▲ 0.96 (1.72%)
OGDC 312.00 Decreased By ▼ -3.91 (-1.24%)
PACE 9.74 Increased By ▲ 0.02 (0.21%)
PAEL 34.32 Increased By ▲ 0.26 (0.76%)
PIBTL 13.80 Increased By ▲ 0.29 (2.15%)
PPL 222.10 Increased By ▲ 1.81 (0.82%)
PRL 94.70 Increased By ▲ 0.38 (0.4%)
PTC 61.36 Increased By ▲ 1.12 (1.86%)
SSGC 23.31 Increased By ▲ 0.14 (0.6%)
TBL 9.18 Decreased By ▼ -0.04 (-0.43%)
TELE 7.35 Increased By ▲ 0.07 (0.96%)
TPL 20.19 Increased By ▲ 0.13 (0.65%)
TPLP 11.95 Increased By ▲ 0.05 (0.42%)
TREET 23.26 Increased By ▲ 0.19 (0.82%)
TRG 56.85 Increased By ▲ 0.36 (0.64%)
Markets

Amazon makes fresh job cuts, mainly in retail division

  • The ‌layoffs to its retail unit coincide with one of Amazon’s biggest shopping days, which it calls Prime Big Deal Days
Published Updated
Photo: Reuters
Photo: Reuters
By

SAN FRANCISCO: Amazon confirmed on Wednesday it had cut what it said were a small number of jobs, primarily ​in its Stores unit which oversees the main e-commerce website.

The ‌layoffs to its retail unit coincide with one of Amazon’s biggest shopping days, which it calls Prime Big Deal Days. The promotion started on Tuesday ​and runs through Wednesday, offering varying discounts.

The cuts are the ​latest in a series of small reductions since a larger round ⁠of 30,000 job cuts that began last year and continued into ​January.

Some affected employees reached out to Reuters and shared posts ​from internal Slack channels about the news.

Amazon let go fewer than 1,000 white-collar workers, a person familiar with the matter said. Business Insider earlier reported the layoffs.

“We’ve ​adjusted parts of our Stores business because we believe this structure ​will better enable us to deliver on our priorities,” a spokesperson said in ‌an ⁠emailed statement.

Amazon targets as many as 30,000 corporate job cuts, sources say

The internal Slack channel suggested a number of divisions within Stores were involved, including customer service and selling partner services, and possibly other units across Amazon. Employees in the US, India and the UK ​were among those ​getting pink ⁠slips.

Jeff Bezos, the founder and executive chairman of Amazon, said in a Fox News interview aired Wednesday, ​that continued job cuts have been necessary because the ​company overhired ⁠during the pandemic. “People were staying home and they were ordering, and it was an incredible, stressful period for us, by the way,” he ⁠said when ​asked about the 30,000 jobs lost in ​the previous round.

“The whole team worked extremely hard and did so much, but we ​really grew our head count.”


Comments

200 characters remaining