In what would represent the largest reduction of staff in the company’s storied history, Amazon (AMZN) is expected to reduce company headcount by 10,000, according to a report in The New York Times.

Previously reported as a pause in new hiring for the company, CEO Andy Jassy has moved to accelerate cost-cutting across the e-commerce giant.

With similar reductions planned in several of tech’s business players including Meta, Stripe, and Twitter, tech workforce tracking website Layoffs.fyi reports that over 120,000 tech workers have been fired in 2022.

While many expect this trend to continue as a result of current economic factors, some would argue these staff cuts are limited to more of the high-flying and headline grabbing organizations. In fact, CompTIA’s analysis of the U.S. Bureau of Labor Statistics – Employment Situation report reveals that overall industry employment has increased by 175,700 jobs in 2022 and is tracking 46% ahead of last year and 92% ahead of 2019.