Retrenchment of employees in leading companies continues. The Amazon company, which has already sent many employees home, is preparing for another round of job cuts. This time, it was announced on Monday that 9 thousand people working in various departments of the organization will be laid off.
Amazon has announced second round of layoff and revealed that it is firing as many as 9 thousand. The company has already laid off 18,000 workers earlier this year.
It is reported that mainly the employees working in the cloud and advertising departments will be fired. It has been revealed that this decision has been taken as part of the financial uncertainty and to improve the performance of the company.
Amazon has more than 3 lakh employees worldwide. Recently, the company has lost 27 thousand people working in the company with a series of layoffs. Nine percent of the total employees in the organization were dismissed like this. There were opinions that there was no impact on job security for those working in the cloud and advertising department, no matter what the employees of the other departments were.
Both these divisions are bringing profits to the Amazon. However, Amazon employees said that economic uncertainty has led to layoffs in both divisions. Meanwhile, Amazon’s stock fell by nearly 2 percent after announcing yet another layoff.