The greatest lay-off! The world’s largest IT company will lay off 18,000 employees

Mumbai: Amazon, the world’s largest company after Twitter and Meta, has decided to lay off employees. Due to the global recession, companies around the world are laying off employees. Amazon has announced plans to lay off 18,000 employees. In the past few years, Amazon has recruited a large number of employees, but now the workforce is being reduced due to fear of recession. Many teams will be affected by this layoff. Most of the employees are being laid off from the Amazon Store and People, Experience and Technology (PXT) teams.

Earlier in November last year, the company had announced layoffs of 10,000 employees. Amazon had more than 1.5 million employees at the end of September, making it one of the largest US employers. After Amazon’s decision, its shares rose 2%. Investors believe that this decision will increase the profit of the company.

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Andy Jesse issued the note

The CEO of the company, Andy Jesse, has given information about this. Andy JC has released a note saying the company will cut 18,000 jobs. At the same time, earlier the company had talked about the exit of 10,000 employees.

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Separation payment, insurance will be available

Amazon CEO Andy said, ‘We are providing separation payments, transitional health insurance benefits and external job placement support to those affected by these layoffs.’ He said, ‘I am very grateful for the contribution of all of them. And I look forward to working with those who will continue the journey with us, to make customers’ lives better and easier every day.’

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Why are layoffs happening?

According to a Wall Street General report, Amazon had hired a lot of people during the Corona period, but now this decision is weighing on the company and the recession is significantly reducing the company’s growth. For this reason, the company announced layoffs. Apart from Amazon, Salesforce Inc has also decided to cut 10 percent of its workforce.

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Crisis on IT companies

Due to this recession spread in the global market, it has caused a big crisis on the IT companies. Many big companies in the world have decided to lay off their employees. By the end of September, 15 lakh employees had joined the company. As Amazon’s company growth slows, thousands of employees could be hit hard.