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Amazon is expected to begin layoffs this week, according to a report by the New York Times. People who have knowledge of the plans said that roughly 10,000 people will be fired as part of a plan by CEO Andy Jassy to cut costs.
The cuts will mainly include people working in corporate or technology jobs.
The layoffs will trim Amazon's corporate staff by about 3%, though they represent just 1% of Amazon's global workforce.
The staff reductions come amid other cost-cutting measures since Jassy took over in 2021. Over the past year, Amazon has shut down all but one of its U.S. call centers and closed down a number of brick-and-mortar chains.
Amazon joins Meta and Twitter, which have both announced significant layoffs. Last week Meta CEO Mark Zuckerberg announced that around 11,000 employees were being terminated. Meanwhile, Twitter's new CEO, Elon Musk, has begun reducing the social media company's workforce by about 50%.
The process has not been smooth. He faced a lawsuit over the mass layoffs and was forced to rehire some employees after they were let go.
The layoffs come as Amazon founder Jeff Bezos said that he plans to donate the majority of his $124 billion fortune to charitable organizations.