Nov. 21 (UPI) -- Engineers formerly employed by Amazon accounted for about 40% of its 4,700 jobs cut in October as the online retailer and tech company seeks greater efficiency and innovation.
Amazon fired more than 1,800 engineers in October amid downsizing, while also seeking more rapid innovation, CNBC reported on Friday.
Amazon has 1,578,000 employees as of Sept. 30, which is twice as many as 2019, according to Stock Analysis. The $2.3 trillion market cap is fifth fifth-highest in the world, The Market Fool posted.
The company announced the job cuts in its respective Worker Adjustment and Retaining Notifications filed in California, New Jersey, New York and the state of Washington.
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