The e-commerce giant plans to cut a total of 30,000 corporate jobs, making up 10% of these roles, news agency Reuters reported, with the layoffs expected to impact Amazon Web Services, its retail sector, Prime Video media streaming service, and human resources departments.
The company had eliminated 14,000 white collar roles in October, on the heels of Chief Executive Officer Andy Jassy stating that the firm needed to cut down on exorbitant bureaucracy, and it would do so by reducing its operational levels and number of managers.
Combine that with the fact that the top 10% of the US pop is responsible for 50% of consumer spending. These layoffs are hitting exactly that consumer spenders.
AmbiguousProps@lemmy.today 3 days ago
It should be noted that McKinsey is who is pulling the strings here. That group of corporate rats is responsible for so much devastation to the working class. They’ve even caused people to die at Disney as well.