Mass layoffs at Amazon: more than 18 thousand employees will be cut

The company's CEO Andy Jesse announced the dismissal. His statement on this matter is published on the company's website.The CEO noted that the decision to reduce staff was made during the annual planning.

He added that too many employees were hired during the coronavirus pandemic. This has now led to massive cuts.

Investors reacted positively to the decision to cut staff, believing that this would have a positive impact on profits. The company's shares rose by almost 2% after the announcement of the decision to lay off employees.

It is noted that only 1% of the total number of employees of the company will fall under the reduction. It employs over 1.5 million people. Mainly employees from the sales and recruitment department will fall under the reduction.

Recall that the massive cuts in the company became known in November. Then it was noted that 10 thousand people would fall under the reduction. At the same time, management warned employees in November that this figure is not final.