Amazon cuts hundreds of jobs in cloud computing business
Amazon has announced layoffs affecting hundreds of employees in its cloud computing division.
According to its latest financial report, Amazon Web Services (AWS) has experienced significant growth, now contributing 14% to Amazon’s overall revenue.
The company has been adjusting its approach with physical retail, particularly with Amazon Fresh stores introduced in 2020.
On Tuesday, Amazon revealed plans to discontinue its self-checkout system, Just Walk Out, across all its stores.
The company stated that the layoffs primarily impact several hundred positions in sales, marketing, global services, and a few hundred roles within its physical retail technology team.
The layoffs will affect Amazon’s operations worldwide, with the majority of AWS roles located in its headquarters in Seattle.
The company assured that affected employees in the US will receive pay and benefits for at least 60 days, assistance in finding new employment, access to transitional healthcare benefits, and eligibility for severance pay.