Bezos gives away his entire fortune, but 10,000 Amazon employees face an ax

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On the day Amazon founder Jeff Bezos revealed he planned to donate his vast wealth to charity, it also emerged that the company was planning to lay off 10,000 employees.

In an interview with CNNthe former richest man in the world, said most of his estimated $124 billion wealth will go to causes including climate change and uniting humanity.

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He’s also giving Dolly Parton $100 million — as part of her partner Lauren Sánchez’s Courage and Civility Philanthropy Award — to spend on causes the beloved country music legend deems appropriate.

However, before pinning the medal on Messrs. Bezos and Sánchez, the reports that many Amazon employees – on whose backs Bezos built such astonishing wealth have been built – face the chop give some perspective. .

The report of the New York Times On Monday, the biggest batch of layoffs in Amazon’s long history will soon begin. This would represent approximately 1% of the company’s overall workforce.

According to people familiar with the matter, Amazon is cutting employees in its lossy devices division, as well as some employees who work on voice assistant Alexa.

Karen Weise’s report says:

“The cuts will affect Amazon’s device organization, including voice assistant Alexa, as well as its retail division and human resources, said the people, who spoke on condition of anonymity because they do not were not authorized to speak publicly.”

NYT

It comes amid rumors that Amazon is reassessing its work in these sectors under new CEO Andy Jassey – who took over from Bezos last year. The unit has at times suffered losses of around $5 billion a year.

However, the shortfall would have been acceptable to the company as the devices gave Amazon a vital foothold in the homes of hundreds of millions of people around the world. What the company learns about its e-commerce customers from Alexa data was likely factored into the losses.

Jeff Bezos: exploiter or philanthropist? Or both? You decide.

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