19 minutes ago
Amazon freezes hiring in retail business
A slowdown in online sales has caused difficulties for e-commerce giant Amazon.com Inc. The company has suspended hiring for corporate positions in its retail business.
In a statement, Andy Jesse, Amazon's chief executive, said the company would phase out some of its pandemic-era warehouses, as well as employees. Bloomberg said in September that Amazon had closed, postponed or abandoned plans to build dozens of warehouses in the U.S. and Europe.
Amazon laid off nearly 100,000 people between March and June, most of whom were laid off, the company said. This was the largest quarterly layoff in the organization's history. As of June 30, Amazon had employed more than 1.5 million full- and part-time workers.
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