Amazon.com Inc (AMZN.O) is planning to lay off around 10,000 employees in corporate and technology roles beginning this week, experts familiar with the matter said on Monday, in what would amount to its biggest such reduction to date.
For the traditionally profitable holiday season, Seattle-based Amazon anticipates a slowing in sales growth.
The layoffs, earlier reported by the New York Times, would amount to around 3% of Amazon’s corporate workforce. According to Sources, the actual number may change as Amazon’s companies evaluate their objectives.
The online retailer intends to cut employment in its devices section, which manufactures voice-controlled “Alexa” gadgets and home-security cameras, as well as its human-resources and retail departments. Amazon’s timeline for alerting employees remained unknown.
For the traditionally profitable holiday season, Seattle-based Amazon anticipates a slowing in sales growth.
