Amazon's Massive Job Cuts: A Tech Industry Wake-Up Call
Amazon announces another round of layoffs, affecting 16,000 employees. The cuts follow a previous reduction of 14,000 jobs in October. Senior Vice President Beth Galetti confirmed the cuts, offering US-based staff 90 days to find new internal roles before severance and benefits kick in.
Amazon, the e-commerce giant, is slashing 16,000 jobs in its latest mass layoff, marking a significant reshuffling in the tech sector. Beth Galetti, senior vice president, disclosed the information in a blog post on Wednesday.
This decision comes on the heels of a similar move in October, when Amazon laid off 14,000 employees. The company cites a strategic realignment as the reason for these cuts amid industry turbulence.
For US-based employees, Amazon is providing a 90-day window to secure new roles within the company. If unsuccessful, they'll receive severance, outplacement services, and health benefits, reflecting Amazon's supportive stance during this transition.
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