E-commerce behemoth Amazon is mulling laying off around 10,000 people, it has been reported, amid a torrid slew of tech lay-offs last week.
According to a report in The New York Times, redundancies for corporate and technology roles could begin as early as this week, people with knowledge of the matter said.
This would mark the biggest jobs culling in the US tech giant’s history and comes shortly after the announcement of mass cuts at tech firms Twitter and Meta last week.
Job losses will centre on the devices division, which includes its virtual assistant technology Alexa, plus its retail arm and human resources.
The New York Times said the total number of layoffs remains fluid, citing anonymous sources, who were not authorised to speak publicly.
Layoffs would signify around three per cent of corporate staff and would follow news of a recent hiring freeze for the next few months.
Shares in the Nasdaq-listed company plummeted by as much as two per cent following the newspaper’s report. Amazon’s market value has plunged by 44 per cent over the past year to date.
The Seattle-based firm warned its growth would slowdown as consumers face a cost of living crunch and businesses have been whacked with upped costs.
Facebook owner Meta announced a culling of more than 11,000 roles, representing 13 per cent of its total workforce.
Elsewhere, billionaire Elon Musk announced he was laying off half of staff at his newly-acquired Twitter.
Job cuts have also been detailed at Microsoft, Snap, and Salesforce, as companies battle to tackle surging costs.
Amazon has been approached for comment by CityA.M., but had not responded at the time of publication.