Amazon Is Laying Off 14000 People Despite Making 18 Billion In Quarterly Profits Post Goes Viral
New Delhi, Nov. 15 -- In late October, e-commerce giant Amazon sent e-mails to thousands of corporate employees, telling them that they're being laid off. They confirmed that over 14,000 corporate positions have been affected, which is about 4% of their white collar workforce. As per reports, more layoffs are likely in January after the holiday season ends. When quizzed about why layoffs were happening when the company basically minted $18 billion in quarterly profits, executives basically admitted that AI was a factor. While everyone knows and expects that AI is eating away at jobs, these huge numbers are causing concerns for employees, especially because many well-performing ones have also been impacted. One of these people, seems to be a Reddit users' friend, and she's posted a warning message, saying that no job is safe now - here's why. #amazon #layoffs #technology Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you.
2025-11-15T08:04:51Z