Amazon plans hundreds of lay-offs

A worker boxes orders at the Amazon Fulfillment Center on August 1, 2017 in Robbinsville, brand new Jersey.Image copyright
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Amazon can be cutting hundreds of positions at its headquarters along with global operations, a move in which comes after several years of significant growth.

The cuts were first reported by the Seattle Times, which said the actions are focused on streamlining the firm’s consumer retail business.

Amazon said the item can be working to offer affected staff brand new roles.

the item said the item expects “smaller reductions in a couple of places along with aggressive hiring in many others”.

Amazon, which lists thousands of job openings on its website, has expanded rapidly in recent years, both through skyrocketing sales along with acquisitions of companies such as grocer Whole Foods.

The company reported about $3bn (£2.2bn) in profit on nearly $178bn in sales last year.

Its fourth-quarter sales rose by 38% to hit a quarterly record of $60.5bn, while profits for the three-month period more than doubled to $1.9bn, compared with $749m within the last three months of 2016.

The figures were boosted by a tax benefit of about $789m related to the brand new US tax law.

Amazon counted more than 560,000 full along with part-time workers worldwide at the end of December, an expansion of more than 65% by the previous year.

The firm’s website shows many of the brand new positions report to Amazon Web Services, the firm’s profitable cloud computing division.

The firm can be also building up units focused on the company’s Alexa robot along with some other devices.

Previous consolidations at the company have led to lay-offs in some areas.

Last year, Amazon closed along with some other sites operated by Quidsi, which the item announced a deal to acquire in 2010 for about $500m. in which led to more than 260 lay-offs in brand new Jersey.

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