Amazon laying off hundreds amid hiring spurt

Amazon laying off hundreds amid hiring spurt

Amazon laying off hundreds amid hiring spurt

Several hundred employees at the firm's Seattle headquarters are expected to lose their jobs with other regions less severely impacted.

Amazon is reportedly slashing hundreds of jobs across its consumer business in its home city of Seattle - a move created to help the e-commerce giant shift its focus to fast-growing business areas like voice-activated Alexa.

It now has 3,900 open corporate job listings in Seattle and 12,000 open positions worldwide, which point to the company's "aggressive" hiring plans.

Back in 2010, Amazon employed about 5,000 people in its Seattle offices.

Amazon is one of the largest USA corporate employers, with a global headcount of 566,000 as of December 2017. Last year, the company announced plans to hire 50,000 warehouse workers, staging a one-day blitz dubbed "Amazon jobs day".

It's not a great day for hundreds of employees at Amazon's Seattle headquarters.

This announcement does not appear to be having an impact on Amazon's current search for a second headquarter location. And a year ago, Quidsi, the subsidiary behind and other sites, cut more than 250 jobs.

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The layoff suggests Amazon is trying to control spending and the cut is not unusual for such a big company.

Amazon shares ended the US Monday trading day 3.48% higher at $1,386.23.

It has also said it would hire 50,000 more at its second headquarters, which it is now scouting a home for.

The company has also recently instituted a mandate that managers who oversee other supervisors must have at least four people reporting to them.

"Our 2017 projections for Alexa were very optimistic, and we far exceeded them", said Jeff Bezos, Amazon's founder and chief executive, in a statement earlier this month. However, during the last two years there was more staff than they actually needed and today's cut signals a streamlining of operations.

The process of notifying employees has already started, the source said. "We do not use our performance management process to achieve head-count goals".

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