Amazon is planning to cut over 18,000 roles as part of major layoffs.
The tech giant will be slashing around 6 per cent of its 300,000 employees in a big blow to workers struggling with the cost-of-living crisis across the globe. Amazon employs around 5,000 people in Ireland.
Back in November 2022, it was reported that the company was planning to cut 10,000 jobs across their worldwide operations. However, then-Tanaiste Leo Varadkar had said the initial advice from the IDA stated that there were no job losses are currently anticipated for Ireland.
Read more: Amazon expected to announce job cuts worldwide with future for Ireland unknown
But he said: "That could change." The layoffs were announced by Chief Executive Andy Jassy said in a public staff note yesterday, RTE reports.
Mr Jassy said that annual planning "has been more difficult given the uncertain economy and that we've hired rapidly over the last several years." Amazon's share prices halved in the past year as consumers and businesses slashed their spending due to rising inflation.
2022 was a difficult year for the tech industry as over 150,000 workers were laid off globally, according to tracking site Layoffs.fyi. US tech company, Salesforce said it would lay off 10% of its staff yesterday.
The company, which employs over 2,500 people in Ireland, will be closing some offices too. It is unknown how many Irish workers will be affected by the announcement.
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