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Amazon to axe hundreds of jobs

In the US, Amazon is cutting several hundred jobs at its Seattle headquarters, focused mainly on its established consumer retail business, reports the Seattle Times.

The cuts come after the company recently increased its Seattle workforce to 40,000 people, from only 5000 in 2010.

‘As part of our annual planning process, we are making head count adjustments across the company—small reductions in a couple of places and aggressive hiring in many others,’ Amazon said in a statement to the publication. ‘For affected employees, we work to find roles in the areas where we are hiring.’

When it reported quarterly earnings this month, Amazon said its global workforce stood at 566,000 in December, up 66 percent from the previous year, and currently has 12,500 corporate roles open. The company is also in the process of selecting a location for a second headquarters, where it plans to hire up to 50,000 workers.



Category: International news