When you're a global star, life is filled with movie sets, awards and red carpets, but sometimes, the most precious moments come from nothing more than a sheet of paper and a crayon. Priyanka Chopra recently melted the internet by sharing a heartwarming drawing made by her daughter, Malti Marie
Amazon Layoffs: This Workforce Segment Hit Hard In Latest 4,700-Job Cut Wave
Amazon Layoffs: This Workforce Segment Hit Hard In Latest 4,700-Job Cut Wave
Amazon Layoffs: Retail e-commerce giant Amazon's mega layoff has impacted a particular workforce segment of employees the most: engineers. According to a report of CNBC, of the 4700 jobs cuts recently, 40% of them belonged to engineering roles as seen in documents filed in New York, California, New Jersey and Amazon's home state of Washington.
The CNBC report added that layoffs impact has been sprawling across businesses from cloud computing, and devices to advertising, and retail and grocery stores. The majority of them were in engineering roles, the report said.
Earlier, Amazon announced its plan to layoff as many as 30,000 corporate employees globally. Reuters quoted sources as saying that the decision is line with company's move to reduce expenses and compensate for overhiring during the peak demand of the pandemic.
While this layoff would be the largest job cut at Amazon since around 27,000 jobs were eliminated starting in late 2022, laying of 30,000 will represent a small percentage of Amazon's 1.55 million total employees but nearly 10% of the company's roughly 350,000 corporate employees.
Amazon has been trimming smaller numbers of jobs over the past two years across multiple divisions, including devices, communications, podcasting and others.
Previously, Amazon CEO Andy Jassy had announced his decision to reduce an excess of bureaucracy at the company, including by reducing the number of managers.
Swipe Left For Next Video
In June, he said the increased use of artificial intelligence would likely case further job cuts.
“This latest move signals that Amazon is likely realizing enough AI-driven productivity gains within corporate teams to support a substantial reduction in force," said Sky Canaves, an eMarketer analyst. “Amazon has also been under pressure in the short-term to offset the long-term investments in building out its AI infrastructure."
Source: News18
Related Posts: Amazon Plans To Lay Off Thousands More Employees As Cost-Cutting Drive Continues Why Target ousted CEO Brian Cornell after he turned the US retail giant into a $100 billion powerhouse Amit Shah hails Chhattisgarh policy as 500 Naxals lay down arms Washington Post chief executive steps down after mass lay-offs Ola Electric to lay off 5% of workforce as part of restructuring effort Coca-Cola India Bottler HCCB To Lay Off Around 300 Employees Target To Lay Off 1 PM to lay stone of north India's first semiconductor unit Is Microsoft Planning To Lay Off 22
When you're a global star, life is filled with movie sets, awards and red carpets, but sometimes, the most precious moments come from nothing more than a sheet of paper and a crayon. Priyanka Chopra recently melted the internet by sharing a heartwarming drawing made by her daughter, Malti Marie
3 months ago
