Taking a look at Amazon's layoffs and hiring freeze for 2022

Amazon has announced plans to lay off 10,00 workers ahead of the holiday season

The tech behemoth has announced pending job cuts to several key divisions.

This comes on the heels of a difficult month from which AMZN hasn’t recovered

The season of layoffs continues with one of the tech sector’s biggest names joining the pack

Amazon (NASDAQ:AMZN) has announced that it plans to lay off as many as 10,000 staff members and is implementing a hiring freeze.

This puts it in the same category as many of its peers who have responded to the difficult quarter by implementing layoffs.

When Mark Zuckerberg announced that Meta Platforms (NASDAQ:META) would be laying off 11,000 workers

he cited a miscalculation regarding e-commerce demand that caused the company to over-hire

It’s clear now that Meta’s news foreshadowed the Amazon layoffs

Now investors are wondering what it will mean for companies in the e-commerce space in 2023.

10 of the Most Beautiful Cathedrals in the World