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Amazon layoffs hit workers in robotics, grocery, health and AWS divisions - TL;DR CNBC

Amazon layoffs hit workers in robotics, grocery, health and AWS divisions

Publishing timestamp: 2023-01-31 18:19:03


Summary

Amazon recently announced 18000 job cuts across its various operations, including retail technology, grocery stores, robotics, drone delivery, and cloud computing. A spreadsheet created by an employee provides a window into the businesses affected by the layoffs. When Amazon reports fourth-quarter results, executives are likely to face questions regarding the headcount reductions and expected financial impact. The job cuts are the largest in Amazon's history and follow more than a decade of unbridled growth.


Sentiment: NEGATIVE

Tickers: AMZN

Keywords: technologyinternetjobsbusiness newsamazon.com inc

Source: https://www.cnbc.com/2023/01/31/amazon-layoffs-hit-workers-in-robotics-grocery-health-aws-units.html


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