Online retail giant Amazon will lay off more than 18,000 of its workers in a cost-cutting initiative as a global recession looms.
Amazon’s redundancies represent about 6 per cent of the retailer’s overall corporate workforce of 300,000 people. Globally, Amazon employs more than 1.5 million workers, but many are casuals.
The company’s chief executive office Andy Jassy announced the massive job cuts to staff in a note on Thursday, calling it a “difficult decision”.
He claimed “the uncertain economy” and the fact Amazon had “hired rapidly over the last several years” meant internal reviews recommended the company scrap more than 18,000 roles.
“We are working to support those who are affected and are providing packages that include a separation payment, transitional health insurance benefits, and external job placement support,” Jassy said.