Amazon CEO says job cuts are for more than 18,000 roles

Amazon CEO says job cuts are for more than 18,000 roles

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The company began letting go of employees from its devices division in November, a source told Reuters at the time that it was targeting about 10,000 cuts.

According to tracking site Layoffs.fyi, the tech industry is set to lay off more than 150,000 workers in 2022, a number that continues to grow. Salesforce Inc CRM.N said on Wednesday it planned to eliminate about 10 percent of its workforce, which numbered about 8,000, as of October 31.

Amazon has had a reversal of fortunes. It changed from a business considered essential during the pandemic to a home delivery company that manufactured more than it needed to meet demand. Its layoffs now exceed the 11,000 cutbacks announced last year by Facebook-parent Meta Platforms Inc.

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