Amazon Planning on Thousands of Cuts

Amazon plans to carry out massive layoffs, cutting roughly 10,000 jobs, as soon as this week, according to a report in The Washington Post.

If the e-commerce giant follows through on the plans, it would be the biggest job cuts in its history, the Post reported, citing a story in the New York Times.

It would also become the latest big tech company to enact huge cuts this year as the industry reckons with the possible end of a decade of explosive growth.

Amazon, based in Seattle, will be letting go workers in its corporate and technology groups, according to the Times.

Amazon founder Jeff Bezos owns the Washington Post.

Meta, the parent company of Facebook, recently laid off 11,000 employees just days after Twitter laid off more than 3,000 workers after new owner Elon Musk took control of the company.

A growing list of smaller tech companies are cutting their workforce as well, including Stripe and Lyft.