Amazon lays off hundreds of employees

Amazon opens checkout-free store

Amazon is laying off hundreds of employees, a supply acquainted with the matter instructed CNN.

The bulk of the layoffs are affecting the corporate’s Seattle headquarters, however some international groups could also be affected as effectively, in keeping with the supply.

The method of notifying employees has already began, the supply stated.

The affected departments are extra mature areas of Amazon’s enterprise, similar to its on-line retail operations.

Amazon confirmed the layoffs in a press release despatched to CNN.

“As half of our annual planning course of, we’re making headcount changes throughout the corporate — small reductions in a pair of locations and aggressive hiring in lots of others,” the assertion learn. “For affected employees, we work to search out roles within the areas the place we’re hiring.”

It seems the corporate is not trying to scale back its general headcount. It at present has three,900 open company job listings in Seattle and 12,000 open positions worldwide, which level to the corporate’s “aggressive” hiring plans. Amazon says it added 130,000 jobs up to now yr, which does not embody its $13.7 billion acquisition of Entire Meals.

On the finish of 2017, Amazon employed 560,000 individuals worldwide.

Associated: 5 methods Amazon has already modified Entire Meals

The information, first reported on Monday by The Seattle Instances, comes at a time when Amazon is publicly trying to find a location to construct its second headquarters.

HQ2 will price a minimal of $5 billion to assemble and function, and can create as many as 50,000 jobs, in keeping with the corporate.

Amazon reported a revenue of practically $2 billion in its newest quarter from the vacation procuring season. The outcomes had been the biggest in its historical past and the primary time it topped $1 billion in 1 / 4.

Amazon CEO Jeff Bezos touted the success of its voice-assistant software program Alexa.

“We do not see constructive surprises of this magnitude fairly often — anticipate us to double down,” Bezos stated in a press release on the time.

CNNMoney (New York) First printed February 12, 2018: four:55 PM ET

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