Acurx Pharma Plans $1M Bitcoin Buy, Mirroring MicroStrategy
Acurx Pharmaceuticals, a biopharmaceutical company, has announced plans to allocate up to $1 million to purchase Bitcoin. This strategic …
Amazon is set to start a revived competition of layoffs involving over 18,000 people
- Industrytech
- January 19, 2023
- 1:22 am
- No Comments
January 19, 2023: On Wednesday, Amazon will start a revived round of job cuts in what’s anticipated to become the most significant crew cuts in its 28-year account.
In January 2023, CEO Andy Jassy stated that the layoffs would affect over 18,000 employees, initially in its human resources and stores divisions.
In November, it arrived after Amazon said that it was looking to cut staff, which included its devices and recruiting organizations.
It was reported that the firm was looking to lay off 10,000 employees.
Amazon trims its headcount after it went on a hiring spree during the Covid-19 pandemic. The firm’s global workforce will swell to over 1.6 million by 2021 end, up from 798,000 in the fourth quarter of 2019.
The company also faces slowing sales development, rising expenses and a declining economic outlook.
In extra to the layoffs, Amazon has executed a hiring freeze all over its corporate force, slowed its warehouse expansion, and shuttered some experimental projects, including its telehealth service and a quirky video-calling projector for kids.
Amazon isn’t the only tech entertainer making cuts to its workforce. Corps from Salesforce to Meta and Twitter have made sweeping deductions to their headcount amid a deepening financial downturn.
- Categories: News
About Us
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
Recent Posts
Evercore Upgrades BioNTech, Cites RFK Jr. Nomination as Opportunity
Evercore ISI, a prominent investment research firm, has upgraded its rating on BioNTech, a leading biotechnology company. The upgrade …
From Paper to Pixels: The Digital Transformation of Insurance in 2024
Insurtech—once a niche buzzword—has become a driving force in one of the world’s oldest industries: insurance. But what does this …
Revolutionize Your Finances with the Ultimate Accounting Software!
In today’s fast-paced business world, managing finances effectively is crucial for success. Whether a small business owner or …
Chinese AI Startup Challenges OpenAI with New Image-to-Video Tool
A prominent Chinese artificial intelligence startup has unveiled a groundbreaking image-to-video tool, directly challenging …
[x]cube LABS | Helping Companies Digitally Transform | Bharath Lingam
Companies are adopting IoT to find new revenue streams and improve margins. For example, industrial machinery manufacturers are selling results, like machine-hours, rather than just products. IoT is also helping businesses increase their operational effectiveness by enabling them to monitor assets on a real-time basis. For instance, tracking shipping containers for temperature differences that could affect the character using battery-powered sensors and 4G LTE connectivity. Their enterprise IoT solutions can help users automate their processes, be imminent in their productivity, and gain aggressive advantage.