- Amazon continues its trend of layoffs, cutting jobs in its One Medical and Amazon Pharmacy units. Snap, the parent company of Snapchat, has announced that it will lay off approximately 528 employees. Licious, a meat delivery company, has laid off 80 employees, which is around 3% of its workforce. Grammarly, the popular tool for spell-checking and grammar correction, recently laid off about 230 employees.
- Amazon confirmed the elimination of “a few hundred roles,” with some sources indicating up to 400 jobs could go. The affected team members will receive support from the company in their next steps.
- Snap stated that this restructuring will help them focus on executing their top priorities and invest incrementally to support their growth over time.
In a recent wave of corporate restructuring, major companies including Amazon, Snap, Licious, Grammarly, and DocuSign have announced significant job cuts. The move comes in the wake of the ongoing economic uncertainties and challenges posed by the global pandemic.
Amazon, the world’s largest online retailer, has reportedly laid off hundreds of employees across various departments as part of its strategic realignment. The company cited the need to streamline its operations and focus on areas of growth as the primary reason behind the workforce reduction.
Snap, the parent company of popular social media platform Snapchat, has also confirmed that it will be cutting a significant number of jobs in an effort to reduce costs and improve efficiency. The company has been facing stiff competition in the social media space and is looking to restructure its workforce to stay competitive.
Meanwhile, Licious, a leading online fresh meat and seafood delivery startup in India, has announced layoffs as well. The company has been grappling with the impact of the pandemic on its business and is making tough decisions to weather the storm.
Grammarly, the popular writing assistant tool, has also not been immune to the economic downturn. The company has revealed plans for job cuts as it navigates the current economic climate and looks for ways to sustain its business.
Likewise, DocuSign, the e-signature and digital transaction management company, has confirmed that it will be reducing its workforce. The company is working to streamline its operations and optimize its resources amid the ongoing economic challenges.
These job cuts across multiple major companies serve as a reminder of the difficult times businesses are facing in the wake of the COVID-19 pandemic. It highlights the need for companies to adapt and make tough decisions in order to remain resilient in the face of economic uncertainties.