<p><span style="font-weight: 400;">Amazon is on the verge of cutting 10,000 positions in what would be the company’s largest mass-firing, representing around 3% of corporate and 1% of global employees, The New York Times reported, citing a person familiar.</span></p> <p><span style="font-weight: 400;">The e-commerce giant is trimming in departments including human resources, device organization, Alexa voice assistant. The company’s retail arm may begin to see staff reductions this week, a source close to the matter told the Times. The exact number of employees to be laid off remains subject to change.</span></p> <p><span style="font-weight: 400;">November has seen a number of technology and crypto sector companies making cuts amid general economic downturns.</span></p> <p><span style="font-weight: 400;">CEO Mark Zuckerberg recently purged </span><a href="https://www.theblock.co/post/184675/meta-to-cut-11000-jobs-metaverse-vision"><span style="font-weight: 400;">11,000 jobs</span></a><span style="font-weight: 400;">, 13% of the company’s manpower, on the heels of news that the company’s metaverse division was operating at a $9.4 billion deficit. Zuckerberg took </span><a href="https://www.theblock.co/post/184468/metas-zuckerberg-blames-himself-for-companys-missteps-initiates-layoffs-wsj"><span style="font-weight: 400;">personal responsibility</span></a><span style="font-weight: 400;"> for the cuts.</span></p> <p>In the upheaval of Elon Musk's takeover of Twitter, the company also saw massive layoffs, with 50% of the workforce slashed.</p> <p><span style="font-weight: 400;">And at least 60 recruiting and onboarding positions at Coinbase were <a href="https://www.theblock.co/post/185626/coinbase-layoffs-more-than-60-recruiting-onboarding-employees">eliminated</a>. </span></p> <p><span style="font-weight: 400;">More cuts include:<br /> </span></p> <ul> <li><span style="font-weight: 400;">Blockchain gaming developer Mythical Games also tightened its belt to </span><a href="https://www.theblock.co/post/183049/mythical-games-cuts-10-of-workforce-1-day-after-top-executives-depart"><span style="font-weight: 400;">release 10%</span></a><span style="font-weight: 400;"> of its workforce just after top executives, Rudy Koch, Chris Ko and Matt Nutt said they would depart from the firm.</span></li> <li><span style="font-weight: 400;">For payments firm Stripe, founders Patrick and John Collison bore responsibility for layoffs that </span><a href="https://www.theblock.co/post/182689/stripe-cuts-14-of-workforce-as-fintech-layoffs-roll-on"><span style="font-weight: 400;">affected</span></a><span style="font-weight: 400;"> up to 14% of the company’s workforce, saying that the company had overhired.</span></li> <li><span style="font-weight: 400;">Dapper Labs </span><a href="https://www.theblock.co/post/182461/dapper-labs-feldman-a-difficult-day-as-company-lays-off-22-of-staff"><span style="font-weight: 400;">reduced staff</span></a><span style="font-weight: 400;"> by 22% as NFT sales slumped, down 25% in volume between September and October, CryptoSlam said.</span></li> <li><span style="font-weight: 400;">Galaxy Digital is set to let go between </span><a href="https://www.theblock.co/post/181787/novogratzs-galaxy-digital-may-nix-20-of-its-workforce-bloomberg"><span style="font-weight: 400;">15% and 20%</span></a><span style="font-weight: 400;"> of staff as the company faces “macroeconomic headwinds.”</span></li> </ul><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>