Why Amazon fired 18,000 employees worldwide?

Why Amazon fired 18,000 employees worldwide?


Pubnews: Why Amazon fired 18,000 employees worldwide? There was bad news at the beginning of the year. It is known that the online retail company Amazon (Amazon) is going to lay off 18 thousand workers around the world very soon. This includes Indian employees of the organization. In fact, the company is moving in that direction. But at the time of retrenchment, the employees were informed about the financial package. On this day, the multinational company informed that more than 18,000 employees are being laid off, and 5,200 crore rupees are going out of the company’s pocket.

Last year, several international companies including Facebook, and Twitter laid off employees. “The decision was made in November that we would eliminate 18,000 positions,” Amazon CEO Andy Jassy said in a statement in January. It was then known that most European workers would lose their jobs as a result. A thousand workers may be laid off in India. Sympathizing with the workers losing their jobs, Andy said, “Those workers will be in a difficult situation. I did not take this decision lightly.”

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Retrenchments have already begun across the world. However, Amazon authorities will provide a one-time payment to help the workers who lost their jobs. They have also been promised 5 months’ salary. Also, online retail companies will provide more benefits including health insurance. As a result, about 5 thousand 200 crore rupees have to be spent in Indian currency.

In November last year, Facebook-WhatsApp-Instagram-owned Meta laid off 11,000 workers together. The historic retrenchment move is for organizational improvement, it said. Mark Zuckerberg (Mark Zuckerberg) expressed regret after massive layoffs around the world. The Silicon Valley firm is witnessing the biggest layoffs in Mater’s 28-year history. On the other hand, the microblogging site Twitter has started layoffs in India. The company’s new owner, Elon Musk, has claimed that the company needs to lay off many employees worldwide to get Twitter on the right track. “Unfortunate” but they have to make this decision, Musk said.

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