Amazon is planning to lay off about 10,000 corporate and technology jobs starting this week, the New York Times reported on Monday.
According to people familiar with the matter the job cuts will focus on the e-commerce giant’s devices unit, which houses voice-assistant Alexa, as well as its retail division and human resources.
The unit that houses Alexa had posted an operating loss of more than $5 billion a year.
If the job cuts go forward, they would be the largest in the history of the company founded by billionaire Jeff Bezos. Amazon employs over 1.5 million people around the world, including warehouse workers who would not be impacted.
The company warned of a slowdown in growth for the profitable holiday season, saying consumers and businesses had less money to spend due to rising prices. Amazon recently said it would freeze hiring to corporate workforce for the next few months.
Other tech companies are bracing for a potential economic downturn and announcing cuts or freezing hirings, among them Lyft, Redfin, Meta, Opendoor and Stripe.
Last week, Facebook parent Meta said it would cut more than 11,000 jobs, or 13% of its workforce. Twitter announced it was cutting half of its workforce.