• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, August 14, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Amazon To Sack 18,000 Staff In Battle To Save Cost

Amazon plans to cut more than 18,000 jobs, the largest number in the firm's history, as it battles to save costs.

by Agency Report
3 years ago
in Business
Amazon
Share on WhatsAppShare on FacebookShare on XTelegram

The online giant which employs 1.5 million people globally, did not say which countries the job cuts would hit, but said they would include Europe.

Advertisement

Most of the job losses will come from its consumer retail business and its human resources division.

Boss Andy Jassy cited the “uncertain economy” for the cuts, saying it had “hired rapidly over several years.”

“We don’t take these decisions lightly or underestimate how much they might affect the lives of those who are impacted,” he said in a memo to staff.

He said the announcement had been brought forward due to one of the firm’s employees leaking the cuts externally.

“Companies that last a long time go through different phases. They’re not in heavy people expansion mode every year,” he added.

Amazon has seen sales slow after business boomed during the pandemic when customers bored at home spent a lot online.

RELATED

Okonjo-Iweala

Nigeria’s Economy Stable, Now Needs Growth — Okonjo-Iweala

29 minutes ago
JUST-IN: Federal Gov’t Asks Ibom Air To Withdraw Criminal Charges Against Comfort Emmanson

Ibom Air Saga: Airline Operators Remove Comfort Emmanson From No-Fly List

2 hours ago

A potent combination of a downturn in advertising revenues due to businesses seeking to save cash, alongside consumers spending less as the cost of living crisis bites, is hitting tech firms hard.

Other big tech firms including Meta – which owns Facebook, Instagram and WhatsApp – and cloud-based business software firm Salesforce have also both recently announced big cuts.

Amazon has already announced that it’s cutting back on projects like the Echo (better known as Alexa) and delivery robots – which were nice-to-haves but not actually making money.

Anecdotally, there’s a tendency in Silicon Valley for firms to hire and retain talented workers on attractive salaries, even if they’re not immediately needed, primarily in order to stop them working for rivals. This culture is a luxury which big tech can no longer afford to maintain.

Amazon employees affected by the cuts are expected to be told by 18 January.

The move comes after the technology giant said last year that it would reduce its headcount without saying how many jobs would be cut.

A potent combination of a downturn in advertising revenues due to businesses seeking to save cash, alongside consumers spending less as the cost of living crisis bites, is hitting tech firms hard.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Amazon
SendShareTweetShare
Previous Post

Pro-Wike PDP Pays N95m Fees To Use Govt Facilities For Campaigns

Next Post

As Nigerian Children Remain Vulnerable To Vaccine Preventable Diseases

Agency Report

Agency Report

You May Like

Okonjo-Iweala
Business

Nigeria’s Economy Stable, Now Needs Growth — Okonjo-Iweala

2025/08/14
JUST-IN: Federal Gov’t Asks Ibom Air To Withdraw Criminal Charges Against Comfort Emmanson
Business

Ibom Air Saga: Airline Operators Remove Comfort Emmanson From No-Fly List

2025/08/14
Amazon
Business

Federal Gov’t Mulls Pay-As-You-Go For Electricity Sector

2025/08/14
Firm Expands West African Presence, Launches in Nigeria
Business

Firm Expands West African Presence, Launches in Nigeria

2025/08/14
Stransact Partners NRS To Enlighten Businesses About New Tax Law
Business

Stransact Partners NRS To Enlighten Businesses About New Tax Law

2025/08/14
Firm Cautions BPP On Training, Issuing Practice  Licenses
Business

Firm Cautions BPP On Training, Issuing Practice Licenses

2025/08/14
Leadership Conference advertisement

LATEST

Gov Nwifuru Pays N101.8m To Support Victims Of Herdsmen Attack

Nigeria’s Economy Stable, Now Needs Growth — Okonjo-Iweala

48 Police Officers Promoted To ASP In Bayelsa

Kwara Gov Pledges To End Farmer, Herder Conflict

NBTI, PAOSMI Partner To Power SME Revolution

Police Arrest Suspected Member Of Car Theft Syndicate In Akwa Ibom

Abia Gov’t Moves To Curb Collapse Of Buildings

Cross River Gov’t Blames Social Media Influencers For Prolonged Conflict In Communities

Eyewitness Narrates What Transpired Between Ibom Air Passenger Comfort Emmanson, Cabin Crew

Ibom Air Saga: Airline Operators Remove Comfort Emmanson From No-Fly List

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.