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Amazon is preparing to lay off thousands of employees

The anonymous source added that the tech company’s layoffs, which could begin as early as this week, are hitting corporate employees.

Separately, Amazon has already begun firing contractors who, in recent weeks, were told their jobs would end abruptly, according to various sources, Wall Street reported.

The layoffs come as Amazon is conducting an extensive cost audit. The review focused on its hardware unit, which the magazine said has been losing $5 billion a year in some recent years. The layoffs could affect about 10,000 employees, too. if this number could change.

The layoffs would represent less than 1% of Amazon’s global workforce, which surpassed 1.5 million people at the end of September, including hundreds of thousands of workers in its warehouses.

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