Why layoffs at Amazon could be a hint of something greater concerning

By Vasantha November 16,2022 Metalnation.org Image Credit:-Google

In "administration including technology."

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According to a Monday New York Times article, Amazon plans to fire up to 10,000 people globally.

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This follows a wave of hiring freezes and layoffs in the IT sector, most notably at Meta.

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which sacked over 11,000 people the previous week. Among the most reliable companies in technology, according to employees, is Amazon.

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The layoffs, which Amazon has not yet formally disclosed, would be the biggest ever for the business.

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Amazon cutting jobs is an indication that market confidence is low particularly in the weeks leading up to the holiday shopping season.

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which has always been the best time of the calendar year for e-commerce.

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