Amazon is Downsizing by Laying off Approximately 30 Employees from its Buy with Prime Team
30
Amazon is cutting around 30 employees from its Buy with Prime team, a move that adds to the broader downsizing trend at the e-commerce giant. The company announced this month that it plans to reduce staff in multiple divisions, including Prime Video, MGM Studios, and the Alexa unit. In November, job cuts were also announced in the AWS, Twitch gaming, advertising, and People Experience and Technology teams, totaling 9,000 positions. Over the past year, the company's ongoing workforce reductions, initiated at the end of 2022, are expected to surpass 18,000, particularly impacting the retail sector.
3.5%
Macy's is cutting its workforce by 3.5% and closing five full-line stores as part of a new strategy to adapt to changing consumer trends. The move follows reports of activist investors exploring property monetization, and experts caution that while reducing workforce and footprint is a common retail strategy, long-term success requires more than just downsizing, as stated by GlobalData Managing Director Neil Saunders.
9%
EBay is set to lay off 9% of its workforce, approximately 1,000 full time employees. The CEO Jamie Iannone said that the layoffs are due to company's expenses outpacing business growth. The announcement follows a trend in the tech sector, with companies like Amazon, Alphabet, Unity, and SAP also implementing job cuts in January.
60
Ahead of 2024, TikTok is downsizing by laying off approximately 60 employees as part of a regular reorganization, impacting sales and advertising staff in various global offices, joining other tech companies like Amazon, Alphabet, Unity, Discord, and Trend Micro in January. Amid the industry-wide trend, Tencent's Riot Games unit also announced a workforce reduction of 11%, approximately 530 employees, to achieve a more sustainable future.
700
Salesforce is going to cut around 700 employees, approximately 1% of its workforce, in the latest round of layoffs affecting the tech industry, following its reduction of 10% (around 8,000 employees) a year ago. The move is part of a strategy to focus spending on growth, with the company still having 1,000 open positions, suggesting a routine adjustment rather than a major shift in strategy.