The online giant has more office space than the city’s next 40 biggest employers combined, the Seattle Times reported last summer. It’s 8 million-square-footprint there is expected to grow to more than 12 million square feet in the next five years.
Modest Layoffs
When the layoffs are said and done, the company will still have about 40,000 people working in Seattle. And the company employees more than half a million in the United States.
“Hundreds of layoffs are modest for a company that is now the largest U.S.-based corporate employer, and pales in comparison to adjustments in recent years that saw Microsoft and Boeing eliminate thousands of jobs in a single cutting drive,” the Times reported.
It is a rare move for the retailer, especially as it increased hiring over the past two years. That may have been part of the problem as some departments went over budget.
Over Budget
In the last few months, the company started hiring freezes. It cut the number of open positions – 3,500 – in half since last summer.
“We are making head count adjustments across the company – small reductions in a couple of places and aggressive hiring in many others,” the company said.
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