Page 26 - Amazon Stores News Today

Ecommerce company Amazon plans to lay off around 1,000 employees in India as part of its biggest retrenchment exercise across the globe, according to sources.

It will be the largest layoff programme in Amazons (CEO Andy Jassy pictured) history and it is understood job losses will affect the UK, but details of how many have not been shared.

Amazon shares powered higher Thursday after the CEO Andy Jassy confirmed the tech and online retail giant is preparing a bigger-than-expected series of layoffs and job cuts amid what it called an "uncertain and difficult" global economy.

News on this front previously leaked to the web

Amazon employees affected by the layoffs will be informed as early as January 18.

The Amazon CEO said in a statement that they were not done with the annual planning process as earlier mentioned, and

Amazon is going to lay off 18,000 employees, almost double what it had previously planned in November. Communication with affected employees is now set to take place from January 18.

The layoffs amount to about 6 percent of its total workforce.

The e-commerce giant is reckoned to employ about 1.5 million people worldwide and would be loss-making without its cloud business.

The message below was shared with Amazon employees today.