Amazon announced on Monday that the company would lay off around 10,000 workers this week . The layoffs focus on the company's devices organization, retail division, and human resources .
New York, United States, November 14: Amazon has announced that it would lay off around 10,000 workers this week, as per several media outlets, citing people familiar with the situation.The New York Times announced on Monday that the layoff would be one of the companys largest in terms of jobs, focusing on the company's devices organization, retail division, and human resources.Notably, Amazon made a significant profit while the pandemic was still at its peak as consumers flocked to online shopping and cloud Amazon's growth slowed to its lowest rate in two decades earlier this year, and the company was confronted with significant costs as a result of its decision to overinvest and rapidly expand.According to people familiar with the situation, tech giant Amazon entered the race of mass layoffs on Wednesday, cutting expenses and extending the company's employment freeze until Q1.Their CEO, Mark Zuckerberg, said in a tweet on Wednesday that the layoffs were some of the most difficult decisions the company has made in recent weeks.Twitter CEO Elon Musk purchased Twitters ownership in April.
In a bizarre turn of events, Musk, who had long been demonstrating his desire to buy Twitter, dissolved the agreement.Tesla CEO argued that Twitter broke their reciprocal purchase agreement by misrepresenting the number of spam and fake bot accounts on its website.