"Amazon is set to fire 370 people at its European headquarters in Luxembourg in the coming weeks, as Bloomberg reports. That accounts for about 8.5 percent of the workforce. Amazon initially planned to reduce its headcount there by 470, but under European Union law, companies have to negotiate layoffs with employee reps and, in some cases, governments. Amazon reportedly told employees at the European HQ in a memo the layoffs are "adjustments that reflect business needs and local strategies.""
"The company claims to be going "well beyond industry benchmarks" in Luxembourg with regards to the severance packages it's offering. An Amazon employee said it would be difficult for hundreds of people who are all going into the job market at the same time to find employment elsewhere in the country. Affected employees who moved from other countries to work for Amazon will have to leave if they don't land another job in Luxembourg within three months. After the layoffs, Amazon is still expected to be the fifth-largest employer in Luxembourg, which has a population of 680,000."
Amazon plans to lay off 370 employees at its Luxembourg European headquarters, representing about 8.5 percent of the local workforce. The company had initially planned 470 cuts but must negotiate under European Union rules with employee representatives and sometimes governments. Amazon described the moves as adjustments reflecting business needs and local strategies and said severance packages in Luxembourg exceed industry benchmarks. Employees express concern about the local job market and the three-month window for foreign hires to find work, while Amazon will remain a top-five employer in the country. Cuts reportedly target software developers amid increased AI and robotics adoption.
Read at Engadget
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