The world’s most popular online retailer, Amazon, has made the decision to lay off more than 18,000 employees.
According to reports in foreign media, the official announcement will be made public on August 18. Amazon has close to 3 lakh employees. They will lose 6 percent of their jobs.
The current economic crisis has prompted Emerson to make this choice. Andy Jassy, CEO of Amazon, has stated that it will continue.
As a result, it has been decided to eliminate employees as part of a strategy to cut costs. Additionally, the Amazon company has decided to stop renting new warehouse complexes, according to reports in foreign media.
Amazon is a major player in the technical and digital industries and the global Internet market. Microsoft is one of the five major American information technology companies, along with Amazon, Apple, Facebook, and Meta, each of which is one of the most valuable brands in the world.