According to ComputerWorld, Amazon may fire 20000 people over the next few months, including corporate executives.
In-Depth details about Amazon likely to lay off 20000 Employees After Over-Hiring During the Covid Pandemic:
The computer behemoth, which has more than 1.6 million employees worldwide, is likely to fire employees from numerous areas. These include people who work in distribution, corporate leaders, and technological personnel.
According to the article, which cited unnamed persons with knowledge of the situation, layoffs would affect personnel at all levels of the organization.
According to the New York Times, Amazon had announced plans to lay off up to 10,000 workers, which would have been a record-breaking number for a tech corporation. The article now claims, however, that the number of laid-off workers may quadruple.
In recent days, Amazon has instructed its managers to watch out for employee performance-related difficulties.
Corporate employees who are terminated will reportedly receive a 24-hour notice and severance pay in accordance with the company’s contracts.
A source who was personally notified of the impending layoff claimed that since hearing about the job losses, employees have been overcome with fear.
The insider also said that Amazon is targeting a certain division or area for the layoffs and that the decision may have an impact on staff members throughout the company.
Amazon overhired during the pandemic and is now implementing cost-cutting measures, thus the dismissal will be carried out.
In October, Amazon predicted that this year’s holiday season, which typically sees the largest sales, would see slower sales growth.
The downturn was attributed by the corporation to businesses and customers having less money to spend due to rising prices.
After that, it was alleged that the e-commerce juggernaut advised some of its underperforming units’ employees to start exploring opportunities within the business.
Following a sharp slowdown in e-commerce growth as consumers resumed their pre-pandemic shopping patterns, Amazon has been struggling. It postponed warehouse openings and halted retail group employment.