Amazon, layoffs
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Impacted employees will receive 90 days of pay, benefits, and a severance package, according to an email seen by Business Insider.
Amazon confirmed plans to reduce its corporate workforce, impacting 14,000 employees. The company cited a need to be more lean and the increasing prevalence of artificial intelligence as reasons for the cuts. Those who do not find a new role will be offered severance pay and other transition benefits.
Amazon is increasing the average pay of its fulfillment and transportation employees to more than $23 per hour, an annual increase of $1,600 on average. This comes as the e-commerce giant announced it will invest more than $1 billion to raise pay and lower ...
Aug 27 (Reuters) - Amazon.com (AMZN.O), opens new tab will extend its corporate staff programs, including pay structure and benefits, to U.S. corporate employees at its Whole Foods chain of supermarkets, aiming to integrate its grocery businesses more closely.