Amazon plans to shed 10,000 staff in corporate and technology positions following a slowdown in sales, according to multiple reports from the US.
The New York Times and the Wall Street Journal both quote unnamed sources for the biggest layoff in the online retailer's history.
The WSJ: "The tech company’s layoffs, which could begin as soon as this week, are targeted for corporate employees and could primarily affect Amazon’s devices business, which includes its hit Alexa products, as well as human resources and retail."
The layoffs come as part of a broad review of costs at Amazon which expects revenue growth to slow in the December quarter.
Net sales are expected to be between $US140 billion and $148 billion, or to grow between 2% and 8% compared with fourth quarter 2021.
CEO Andy Jassy, announcing September quarter results: “There is obviously a lot happening in the macroeconomic environment, and we’ll balance our investments to be more streamlined without compromising our key long-term, strategic bets."
The latest from Amazon adds to the growing cloud over the online sector with cuts at Meta, Twitter and Snap.
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