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Amazon has announced it plans to cut 10,000 jobs this week, amid slowing sales and concerns about an economic downturn. The reductions could affect thousands of office jobs at the company's personal devices and e-commerce divisions.

Karen Weise, a correspondent with the New York Times, spoke to Newshour. She says: "Ten thousand people is a lot of people, but Amazon is enormous... it's about 3% of their corporate workforce but just less than 1% of their global workforce."

Amazon joins a string of other tech companies that have announced job cuts, including Meta, who owns Facebook, Instagram and WhatsApp, and Twitter, recently acquired by Elon Musk.

"Some of the growth driven by the pandemic hid some underlying problems with the businesses," says Weise. "There was a huge surge in online shopping... but the surge wasn't quite as big or sustained."

"That meant there were ways in which Amazon had over-expanded and overextended itself, and was overstaffed in some cases," she says.

(Photo: An entrance to Amazon offices in New York, USA, 14 November 2022. Credit: Justin Lane/EPA-EFE/Rex/Shutterstock)

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