via barrons:
Amazon com reduced its workforce by nearly 100,000 people in the June quarter, the company disclosed Thursday as part of its latest earnings report. That is a reduction of about 6%, by far the company’s largest cut in a single quarter.
The move comes when many other technology companies have been trimming staff in response to a more difficult economic environment. Microsoft (MSFT), Netflix (NFLX) m and Shopify (SHOP) have all recently disclosed job cuts, for instance, while Alphabet (GOOG) and Meta Platforms (META) have slowed hiring.