Core Viewpoint - Amazon is set to lay off 30,000 corporate employees, representing 9% of its global office workforce, as part of a significant restructuring effort focused on artificial intelligence and automation [1][4][8]. Group 1: Layoff Details - The layoffs will begin on Tuesday and may take several weeks to complete, affecting multiple departments including human resources, devices, services, and operations [3][5]. - This marks the largest job reduction under CEO Andy Jassy, who has already cut 27,000 jobs since taking over in 2021, primarily in Amazon Web Services and entertainment units [2][8]. Group 2: Strategic Shift - Amazon is intensifying its focus on artificial intelligence and robotics, with Jassy emphasizing the need for employees to adapt to automation to remain relevant [4][9]. - The company aims to automate 75% of its fulfillment operations by 2033, potentially replacing over 500,000 jobs with robots [10]. Group 3: Financial Context - Amazon has committed over $100 billion in capital spending this year to enhance its cloud and AI infrastructure, indicating a strong push towards cost efficiency [9]. - Despite the layoffs, Amazon plans to hire 250,000 seasonal workers for the holiday season, primarily for temporary roles [14]. Group 4: Management and Operational Changes - Jassy is implementing a campaign to streamline Amazon's management structure, addressing inefficiencies and reducing unnecessary oversight [12][14]. - The company's corporate workforce had expanded significantly during the pandemic, and Jassy is now redirecting resources towards more profitable segments like AWS and advertising [13].

Breaking: Amazon plans to cut tens of thousands of corporate jobs, roughly 10% of its white-collar workforce, as it seeks to conserve cash https://t.co/9UV69hI0fa ...

Core Points - Amazon is planning significant layoffs affecting up to 30,000 corporate jobs, as part of its efforts to reduce workforce after over hiring during the COVID-19 pandemic [1] - The layoffs will represent approximately 10% of Amazon's 350,000 corporate employees, marking the largest round of layoffs since late 2022 when 27,000 jobs were cut [2] - The company has previously made cuts in its audio divisions and across Prime Video and Amazon Studios, indicating ongoing restructuring efforts [3] Summary by Category Layoff Details - Amazon's upcoming layoffs will impact as many as 30,000 corporate positions, starting Tuesday [1] - This reduction will account for about 10% of the company's corporate workforce, which totals 350,000 employees [2] - The layoffs are the largest since the company eliminated 27,000 jobs beginning in late 2022 [2] Workforce Composition - Amazon's total global workforce includes approximately 1.5 million full-time and part-time employees, with a significant portion being warehouse staff [2] Previous Restructuring Actions - In August, Amazon reorganized its audio divisions, resulting in over 100 layoffs and a narrowed focus for its Wondery studio [3] - Earlier in January 2024, the company laid off several hundred employees across Prime Video and Amazon Studios as part of a business review [3]

Core Insights - The company is implementing workforce reductions that amount to approximately 10% of its white-collar employees [1] Group 1 - The cuts are part of a broader strategy to streamline operations and reduce costs [1]

Core Insights - Amazon is preparing to lay off up to 30,000 corporate workers, which represents nearly 10% of its corporate workforce, to address overhiring during the pandemic [1][2] - The layoffs could be among the largest in Amazon's history, potentially exceeding the 27,000 jobs cut in 2022 [2][5] - The company plans to replace a significant portion of its workforce with automation, including robots and AI, aiming to replace 600,000 workers by 2033 [1][2] Employment Context - Despite the corporate layoffs, Amazon intends to maintain its seasonal hiring levels, planning to hire 250,000 seasonal employees for the end-of-year shopping season [4] - The overall trend in the U.S. shows a record-low number of seasonal hires among employers, contrasting with Amazon's hiring plans [4] Industry Trends - The year has seen significant layoffs across U.S.-based companies, with nearly 1 million job cuts announced by September, the highest since the pandemic began [6] - Technological advancements, particularly in automation and AI, have been major contributors to job cuts, with 20,000 job losses attributed to automation and 17,375 specifically to AI [6]

BREAKING: Futures Mixed On Trump Comments; Fed, Huge Earnings DueAmazon (AMZN) plans to lay off as many as 30,000 employees in a significant reduction of its corporate workforce set to start tomorrow, according to a report Monday from Reuters. Amazon stock gave back some gains from earlier in the day following the report.The layoffs will target nearly 10% of Amazon's corporate workforce of roughly 350,000, Reuters reported, citing unnamed sources. Amazon employs nearly 1.5 million people total on a full- an ...

Core Insights - Amazon is set to announce significant job cuts, marking the largest reduction in its corporate workforce in history, affecting nearly all business areas [1][2] - The company plans to lay off up to 30,000 employees, as reported by Reuters [2] - Since 2022, Amazon has already laid off over 27,000 employees through ongoing reductions, with recent layoffs impacting its cloud, stores, communications, and devices divisions [3] Cost-Cutting Strategy - The layoffs are part of a broader cost-cutting initiative led by CEO Andy Jassy, which began during the Covid-19 pandemic [4] - Jassy aims to simplify the corporate structure by reducing management layers to create a flatter organization [4] - The company anticipates further workforce reductions as it integrates generative AI, which may lead to a shift in job requirements and a decrease in the total corporate workforce over the next few years [4]

The earnings season for Mag 7 began last week, with Tesla (TSLA) posting a mixed set of numbers. Scarce updates on the near-term outlook dampened sentiment, and the stock closed in the red. This week, we’ll get September quarter earnings from Apple (AAPL), Amazon (AMZN), Alphabet (GOOG) (GOOGL), and Microsoft (MSFT). With year-to-date gains of just about 3.4%, Amazon is the worst-performing “Magnificent 7” stock in 2025. Amazon shares have been stuck in a tight range since mid-May and haven’t really parti ...

Amazon May Lay Off 30,000 Employees After News The Company Plans Mass Automation, Report Sayshttps://t.co/ThXtfmaEW5 https://t.co/SjYDROjct7 ...

BREAKING: Amazon is laying off 30K employees. ...