London Daily

Focus on the big picture.
Monday, Jun 02, 2025

Amazon 'to axe 10,000 workers' after forecasting weaker growth

Amazon 'to axe 10,000 workers' after forecasting weaker growth

Approximately 3% of Amazon's corporate employees, or 1% of the total workforce, are reportedly to be laid off.
Amazon is to let go of approximately 10,000 employees as early this week, it has been reported.

The jobs are to be lost in the corporate and technology parts of the company, according to The New York Times.

Cuts are being made in the devices section of the company which makes the Alexa voice-assist tool; human resources and the retail division.

It's estimated that 10,000 staff are to be let go worldwide, although the number has not been announced by the company. That figure would represent approximately 3% of Amazon's corporate employees, or 1% of the 1.5m total workforce.

The number of employees affected in the UK is yet to be known. In July, Amazon announced it would create more than 4,000 new permanent jobs in the UK this year.

When asked if UK jobs would be impacted by the layoffs Amazon declined to comment.

Last month, the world's largest online retailer forecast comparatively weak growth for the next three months, in what would be typically the busiest Christmas period.

The lacklustre forecast came at the same time that operating expenses increased. Those costs came to $355.3bn (£308bn) for the nine months up to the end of September this year, up from $311bn (£269.7bn) during the same period last year.

Shares subsequently fell nearly 20% as inflation and interest rate costs threatened to eat up profits.

The company will become just one of a number of the world's largest tech companies to cut headcount.

Microsoft has admitted "structural adjustments" as it cut around 1,000 jobs last month.

Meta, the owner of WhatsApp, Instagram and Facebook announced last week it will cut its global headcount by more than 11,000 employees as part of a shake-up of the business to drastically cut costs but maintain controversial investment in the metaverse.

For the GMB union, who have members working for Amazon, the layoffs are evidence that tech companies are better employers than other companies.

"The idea that the new tech companies are somehow better than what came before is increasingly being exposed as a myth", said Andy Prendergast is the national secretary of GMB union's commercial services section.

"Coming hot on the heels of the job cuts at Twitter and Facebook, they are being exposed as having if anything a worse hire and fire ethos than the corporations they replaced."
Comments

Oh ya 3 year ago
The world economy is circling the bowl. Fedex just parked a bunch of cargo planes. Just wait until January

Newsletter

Related Articles

0:00
0:00
Close
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
U.S. Justice Department Reduces American Bar Association's Role in Judicial Nominations
U.S. Department of Energy Unveils 'Doudna' Supercomputer to Advance AI Research
U.S. SEC Dismisses Lawsuit Against Binance Amid Regulatory Shift
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
Italy Faces Population Decline Amid Youth Emigration
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Trump Accuses China of Violating Trade Agreement
Gerry Adams Wins Libel Case Against BBC
Russia Accuses Serbia of Supplying Arms to Ukraine
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
Chinese Woman Dies After Being Forced to Visit Bank Despite Critical Illness
President Trump Grants Full Pardons to Reality TV Stars Todd and Julie Chrisley
Texas Enacts App Store Accountability Act Mandating Age Verification
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Vatican Calls for Sustainable Tourism in 2025 Message
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
×