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Amazon is looking to trim headcount through a voluntary buyout program



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The Amazon headquarters sits virtually empty on March 10, 2020 in downtown Seattle, Washington. In response to the coronavirus outbreak, Amazon recommended all employees in its Seattle office to work from home, leaving much of downtown nearly void of people.John Moore | Getty ImagesAmazon is offering voluntary buyouts to some employees inside the company, as it looks for ways to trim its headcount beyond the massive layoffs already underway.”Voluntary severance” offers were sent out Tuesday and Wednesday to some divisions, including human resources and employee services, according to internal company documents viewed by CNBC. In exchange for leaving the company, Amazon will provide employees with a “lump-sum” severance payment equal to three months of pay, plus one week of salary for every six months of tenure at the company, the documents said. Employees will also be given a weekly stipend for 12 weeks, which can be used to offset COBRA premiums, and their insurance will continue through the end of December. Employees have until Nov. 29 to resign, and they have until Dec. 5 to withdraw their application if they change their mind, the documents said. Amazon will inform employees next month that their resignation has been accepted, and their las …

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