BR100 Increased By (0.13%)
BR30 Increased By (0.41%)
KSE100 Increased By (0.07%)
KSE30 Increased By (0.09%)
AGHA 6.69 Increased By ▲ 0.14 (2.14%)
BECO 4.37 Increased By ▲ 0.05 (1.16%)
BML 59.23 Increased By ▲ 3.77 (6.8%)
BOP 29.80 Increased By ▲ 0.08 (0.27%)
CNERGY 12.73 Decreased By ▼ -0.20 (-1.55%)
CSIL 5.17 Increased By ▲ 0.02 (0.39%)
FCCL 52.16 Increased By ▲ 0.31 (0.6%)
FFL 14.00 Increased By ▲ 0.01 (0.07%)
FNEL 1.19 No Change ▼ 0.00 (0%)
KEL 6.04 Increased By ▲ 0.45 (8.05%)
KOSM 5.62 Increased By ▲ 0.09 (1.63%)
LOTCHEM 25.59 Decreased By ▼ -0.13 (-0.51%)
MLCF 90.90 Decreased By ▼ -0.39 (-0.43%)
NBP 162.01 Increased By ▲ 0.27 (0.17%)
NCPL 52.72 Increased By ▲ 0.26 (0.5%)
NPL 55.74 Increased By ▲ 0.69 (1.25%)
OGDC 315.91 Decreased By ▼ -1.14 (-0.36%)
PACE 9.72 Increased By ▲ 0.13 (1.36%)
PAEL 34.06 Increased By ▲ 0.08 (0.24%)
PIBTL 13.51 Decreased By ▼ -0.06 (-0.44%)
PPL 220.29 Decreased By ▼ -0.83 (-0.38%)
PRL 94.32 Decreased By ▼ -0.06 (-0.06%)
PTC 60.24 Increased By ▲ 2.18 (3.75%)
SSGC 23.17 Increased By ▲ 0.10 (0.43%)
TBL 9.22 Increased By ▲ 0.51 (5.86%)
TELE 7.28 Increased By ▲ 0.04 (0.55%)
TPL 20.06 Decreased By ▼ -0.66 (-3.19%)
TPLP 11.90 Increased By ▲ 0.16 (1.36%)
TREET 23.07 Increased By ▲ 2.10 (10.01%)
TRG 56.49 Increased By ▲ 1.15 (2.08%)
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