Amazon Inc. is poised to lay off more than 18,000 employees. The will be recorded as the highest reduction tally revealed in the past year at a major technology company as the industry grapples with economic uncertainty plaguing countries all over the world.

Amazon Inc. is poised to lay off more than 18,000 employees. The will be recorded as the highest reduction tally revealed in the past year at a major technology company as the industry grapples with economic uncertainty plaguing countries all over the world.

While the initially projected figure of the sack was pegged at 10,000, with the add-on almost at par with the initial, the fear that it may well rise still, hovers.

Amazon CEO, Andy Jassy, with slowing demands from shoppers and rising inflation rates, is focusing his attention on cutting costs through the reduction of the workforce - a workforce which rose significantly due to Covid-19.

The layoffs are concentrated in the company’s corporate ranks and represent roughly 5% of that element of its workforce, and 1.2% of its overall tally of 1.5 million employees as of September.

While the initially projected figure of the sack was pegged at 10,000, with the add-on almost at par with the initial, the fear that it may well rise still, hovers.

Amazon CEO, Andy Jassy, with slowing demands from shoppers and rising inflation rates, is focusing his attention on cutting costs through the reduction of the workforce - a workforce which rose significantly due to Covid-19.

The layoffs are concentrated in the company’s corporate ranks and represent roughly 5% of that element of its workforce, and 1.2% of its overall tally of 1.5 million employees as of September.