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According to multiple reports, Amazon may lay off 10,000 tech and business workers this week.
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These changes will affect the company's devices, retail, and HR divisions.
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This shift would affect 3% of Amazon's corporate employees and 1% of its global workforce.
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After Amazon CEO Andy Jassy conducted a cost-cutting review of the company, this move was made.
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This includes reducing unprofitable areas such as its devices section.
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Amazon encouraged employees failing to find work to look for other jobs as the company cuts in uncertain economic times.
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Jassy and her leadership team made this decision due to the uncertainty of the economy and recent hiring.
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Amazon said "We face a unique macro-economic environment and need to balance investments and hiring."
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