• Download mobile app
13 Nov 2018, Edition - 1218, Tuesday

Trending Now

  • NCP president Sharad Pawar hit out at the BJP-led central government saying that it failed to formulate right policies for farmers
  • Open court hearing for Sabarimala review petitions: SC sets Jan 2019 date
  • 12-day-old baby killed by monkey in Agra
  • According to reports, both RBI and government could soften their stance in the RBI board meeting on November 19
  • BJP MLA in Rajasthan Habibbiur Rehman resigns from the party, expected to join Congress
  • AP CM Chandrababu Naidu to meet West Bengal CM Mamata Banerjee in Kolkata on 19th November
  • Former civil servants write to President highlighting the delay in CAG audit reports on DemMo and Rafale deal

Business

Amazon plans hundreds of layoffs

bbc.com

Image credit : Illustrative Image

Amazon is cutting hundreds of positions at its headquarters and global operations, a reset that comes after several years of significant growth.

The cuts were first reported by the Seattle Times, which said the actions are focused on streamlining the firm’s consumer retail business.

Amazon said it is working to offer affected staff new roles.

It said it expects “small reductions in a couple of places and aggressive hiring in many others.”

Amazon, which lists thousands of job openings on its website, has expanded rapidly in recent years, both through skyrocketing sales and acquisitions of companies such as grocer Whole Foods.

The company reported about $3bn in profit on nearly $178bn in sales last year.

It counted more than 560,000 full and part-time workers worldwide at the end of December, an expansion of more than 65% from the previous year.

The firm’s website shows many of the new positions report to Amazon Web Services, the firm’s profitable cloud computing division.

The firm is also building up units focused on the company’s Alexa robot and other devices.

Previous consolidations at the company have led to layoffs in some areas.

Last year, Amazon closed Diapers.com and other sites operated by Quidsi, which it announced a deal to acquire in 2010 for about $500m. That led to more than 260 layoffs in New Jersey.

COIMBATORE WEATHER