Saturday, April 13, 2024

Ads by Google

Ads by Google

APPSC Group 2 Prelims Result 2024 OUT: What’s Next? Check Selection Procedure Here

NEW DELHI: The Andhra Pradesh Public Service Commission has announced the results of APPSC Group 2 preliminary screening test 2024. Candidates who appeared for...
HomeNewsAmazon's cloud computing arm announces hundreds of job cuts across divisions

Amazon’s cloud computing arm announces hundreds of job cuts across divisions

Apr 03, 2024 09:04 PM IST

Amazon has laid off hundreds of employees in several divisions including the Prime Video service, healthcare and Alexa voice assistance unit

Amazon on Wednesday announced that its Web Services division has cut several hundred sales, marketing and tech roles. “We’ve identified a few targeted areas of the organization we need to streamline,” an AWS spokesperson told Reuters in an email response. 

The e-commerce giant has laid off hundreds of employees in several divisions including the Prime Video service, healthcare and Alexa voice assistance unit, joining several big tech giants who extended massive job cuts over the past two years, the Reuters report added. 

ALSO READ: McKinsey layoffs: Firm offers staff 9 months’ salary to quit, report claims

According to layoffs tracking website Layoffs.fyi, over 57,000 employees have been laid off across 229 companies till now in 2024. Talking about Amazon, it had eliminated more than 27,000 roles in 2022 and 2023.

The job cuts at AWS, the cloud computing arm of Amazon, are said to be a part of a ‘broad reorganisation’ under sales chief Matt Garman(Reuters file)
The job cuts at AWS, the cloud computing arm of Amazon, are said to be a part of a ‘broad reorganisation’ under sales chief Matt Garman(Reuters file)

Hindustan Times – your fastest source for breaking news! Read now.

After suffering a slowdown in growth last year due to an uncertain economy, Amazon’s cloud business has been showing signs of stabilisation, helping the company beat quarterly revenue expectations in February, the report added.

Amazon’s position as the world’s biggest cloud provider is being challenged by rival Microsoft, which has taken an early lead in the race to make money from generative artificial intelligence through an investment in ChatGPT-maker OpenAI.

Last month, Ericsson said it will lay off about 1,200 staff in Sweden due to slowdown in the demand for 5G network. The company cited expectations of a “challenging mobile networks market” this year and had laid off 8,500 workers, or 8% of its workforce, last year as well.

ALSO READ: This company laid off hundreds of employees in 10-minute video calls: ‘Shameful’

On the other hand, Dell also trimmed its workforce as part of its cost-cutting measures. The company’s headcount stood at 1.20 lakh, down from 1.26 lakh last year.

International Business Machines Corp (IBM) announced job cuts without informing about the specific number of layoffs in the company’s marketing and communications division.

(With Reuters inputs)

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it’s all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs

  • ABOUT THE AUTHOR
    author-default-90x90

    Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we’ve got you covered.

Story Saved

New Delhi 0C

Wednesday, April 03, 2024

Total
0