Wednesday, 4th October 2023
<To guardian.ng
Search

Amazon slated to cut 10,000 corporate jobs amid slow consumer spending

By France24
20 November 2022   |   12:32 pm
After Meta and Twitter, Amazon is the latest e-commerce giant looking to reduce its payroll. Reports in The New York Times and other outlets say this is part of the company's drive to cut any lossmaking or underperforming units. The job cuts, which could represent as much as 3 percent of the group's corporate workforce, would be the largest in Amazon's history.

Related

20 Apr
Brazil's cattle farmers have been exporting more beef than ever before. But what's good for the economy, is bad for nature.
28 Apr
Amazon posted higher-than-expected revenues and profits for Q1 2023, but slowing growth in its profit-generating AWS cloud services sector sent shares tumbling after hours. Also in this edition: US economic growth slows sharply in the first quarter, and Paraguay's upcoming election on Sunday could have big geopolitical consequences for Taiwan.
12 May
In the city of Antakya in southern Turkey, which was heavily damaged by the devastating February 6 twin earthquakes, the Turkish government has made an ambitious pledge: to rebuild – better – in a year. But residents there remain sceptical. Not only do homes need rebuilding, but those who live there must have jobs to return to as well. Our correspondents Shona Bhattacharyya, Ludovic de Foucaud and Hussein Assad report from the quake-damaged region.
19 May
We take a look at former French President's Nicolas Sarkozy's interview in Le Figaro, as he defends himself against corruption charges.
2 Jun
Some Amazon employees staged a walkout on Wednesday to protest against the e-commerce giant's changes to its climate policy, layoffs and a return-to-office mandate.
7 Jun
Brazilian nurses make more money working in Germany, but are afforded less responsibility and recognition than at home. Three women spoke with DW about their experiences.
12 Jun
Today, we explore the potential gridlock on the power grid, examining how outdated electrical infrastructure could obstruct the realisation of green energy projects. The press continues to cover the discovery of four children in the Amazon.
28 Jun
Brazil accounted for nearly half of tropical deforestation globally in 2022, found a new study. Can president Lula da Silva keep his vow to reverse the destruction wrought on the Amazon during his predecessor's term?
7 Jul
Satellite images showed a decrease of 33.6% in deforestation in the Brazilian Amazon. However, the area cleared during the first half of 2023 is still greater than the size of Luxembourg.
17 Jul
Authorities said the children who spent more than 40 days in the Amazon jungle after a plane crash in early May are doing well now. They appeared emaciated in photos taken shortly after they were found.
15 Aug
In an unmarked office building in Austin, Texas, two small rooms contain a handful of Amazon (NASDAQ: AMZN) employees designing two types of microchips for training and accelerating generative AI.
27 Aug
A new report by the UN's International Labor Organization found that AI can help with certain duties rather than take over entire jobs. However, clerical workers remain exposed to full automation.