Amazon's decision to lay off thousands of people


Job cuts will cut costs, Amazon CEO

Technology firm Amazon has decided to lay off thousands of people.

Amazon's CEO says he is working on a package to cut 18,000 jobs, cutting costs.

According to the company's chief executive, only six percent of the company's three lakh-strong corporate workforces will be cut.


According to Amazon, employees are offered packages that include severance pay, and interim health insurance benefits.

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