This week it was reported that the firm is planning to cut 10,000 jobs, around 3% of its office staff.
The company had already introduced a hiring freeze and halted some of its warehouse expansions, warning it had over-hired during the pandemic.
It had also taken steps to shut some parts of its business, cancelling projects such as a personal delivery robot.Jeff Bezos warned that the US economy was sending a signal to "batten down the hatches"Amazon's share price has fallen by more than 40% this year as it grapples with a slowdown in online sales.Last week Meta - which owns Facebook, Instagram and WhatsApp - announced that it would cut 13% of its workforce.
In recent weeks technology giant Microsoft, payment processing platform Stripe and cloud-based business software firm Salesforce have also announced layoffs.One Seattle-based technology industry insider, who wished to remain anonymous, told the BBC that the job market had changed significantly in recent weeks.
"The last two years has been great for job opportunities because of remote work meaning you don't have to isolate a job search to your local area. So that's seen the scramble for talent be very competitive and wages have gone up really high."He said some technology firms companies, including Amazon, are likely to be hit particularly hard.
"Amazon is very, very bloated. So there's lots of people there but they're not providing a lot of value so they're first on the chopping block."More on this story
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