The Economic slowdown among all countries has increased in the financial year. To face the economic crisis companies are planning for layoffs. All sectors like the media industry, tech companies, nutrition-based companies, and more are facing an internal economic slowdown.
E-Commerce giant Amazon plans to lay off nearly 20,000 employees in various sectors. The layoffs may be held in various regions. The company is closely watching its employee’s performance. Amazon gave various rankings to its employees.
The layoff may happen at all levels of employees including the top-positioned employees. Amazon did not mention specific departments and locations; it may be all over the business locations. The source said that this result is due to over hiring of the employees.
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