Bad news for employees of this company as it plans to lay off 15 percent of its workers, these sectors to be hit…, not Ratan Tata’s TCS, Narayana Murthy’s Infosys, Google, Microsoft, it is…
Layoffs are becoming an increasingly salient issue across industries around the world, signaling economic insecurity and changing company priorities. According to a recent report in Fortune, Amazon is reportedly preparing to lay off as much as 15% of its human resources, with other layoffs anticipated across other departments and functions. The report cites multiple sources familiar with Amazon’s layoff plans.
According to two sources who spoke to Fortune, Amazon’s human resources group, known internally as PXT, or the People eXperience Technology team, will face the bulk of the layoffs, but other parts of Amazon’s core consumer business are also expected to face cuts. The total number of employees to be laid off and the timing of the reductions have not been disclosed.
Earlier this year, the company cut a small number of employees from areas like its Consumer Devices unit, its Wondery podcast division, as well as Amazon Web Services.
The PXT division of Amazon, which is overseen by Senior Vice President Beth Galetti, employs more than 10,000 employees around the world. The division is comprised of a significant recruiting workforce, technology workers, and some other traditional human resources roles.
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