Report: Business division consolidations could be to blame for Amazon layoffs
An online giant is working on merging two consumer retail business units — but at the expense of its workforce.
Amazon is working on consolidating its Amazon Prime Now and AmazonFresh divisions — a move that is believed to have caused this week’s layoffs at the company’s headquarters, according to Yahoo Finance.
The merger of these two consumer retail business units could eventually streamline a delivery experience for Whole Foods Market, which the company acquired last year. However, the report speculates that this consolidation spurred the unprecedented layoff that impacted “several hundred” employees at its headquarters earlier this week.
The effort to combine Amazon Prime Now and Amazon Fresh is expected to be completed by the end of this year, the report said.
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