Huge Layoffs Including Thousands at Amazon and FedEx in Peak Shipping Season – Mish Talk

Amazon Layoffs

Amazon Set to Lay Off Thousands of Corporate Workers

The layoffs come as Amazon is undertaking a broad review of costs, The Wall Street Journal reported last week. That review has focused on the devices unit, which the Journal reported has lost $5 billion annually in some recent years.

The layoffs could affect about 10,000 employees, though that number could change, the person said. The cuts are being made as team by team decisions, they said. The cuts would represent less than 1% of Amazon’s global workforce, which exceeded 1.5 million people at the end of September, including hundreds of thousands of workers at its warehouses.