Amazon is set to lay off 370 workers at its European HQ

4 days ago 2

Amazon is set to fire 370 people at its European headquarters in Luxembourg in the coming weeks, as Bloomberg reports. That accounts for about 8.5 percent of the workforce. Amazon initially planned to reduce its headcount there by 470, but under European Union law, companies have to negotiate layoffs with employee reps and, in some cases, governments.

Amazon reportedly told employees at the European HQ in a memo the layoffs are "adjustments that reflect business needs and local strategies." The company claims to be going "well beyond industry benchmarks" in Luxembourg with regards to the severance packages it's offering.

An Amazon employee said it would be difficult for hundreds of people who are all going into the job market at the same time to find employment elsewhere in the country. Affected em...

Source: https://www.engadget.com/big-tech/amazon-is-set-to-lay-off-370-workers-at-its-european-hq-154037845.html?src=rss

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