E-commerce sector giant Amazon can lay off about 10,000 people. According to a New York Times report, thousands of people may lose their jobs next week. The company has taken this decision due to lack of profit in the last few quarters.
Amazon is apprehensive that the economic recession is increasing continuously, in which case the company should reduce its expenses. The company also announced a hiring freeze last week. Many employees were also asked to look for jobs elsewhere. However, there has been no statement from Amazon regarding the layoffs so far.
As of December 31, 2021, Amazon has more than 1.6 million full-time and part-time employees. If the company lays off 10,000 employees simultaneously, it will be the biggest layoff in Amazon's history. Overall, the company is preparing to lay off 1% of its employee.
The company is promoting the use of robots in many units to do work. About 3 quarters of the packets that are delivered currently pass through some kind of robotic system.
Amazon Robotics Chief Ty Brady said that packaging could be 100% robotic systems in the next 5 years. He indicated that in the future, robots will replace human employees, but it will take a long time. Brady says that the work in the company will change, but the human need will always be there.
Meta Platforms Inc., the parent company of Facebook, WhatsApp, and Instagram, has laid off 11,000 of its employees. For the first time in the company's 18-year history, such a large number of employees have been laid off. The company's CEO Mark Zuckerberg announced the removal of employees.
With the purchase of Twitter, Elon Musk has started laying off employees worldwide. Nearly half of Twitter's total of 7,500 staff have been fired. Twitter had more than 200 employees in India, most of whom have been fired.
