Exclusive: Amazon targets as many as 30,000 corporate job cuts, sources say

Core Insights - Amazon plans to cut up to 30,000 corporate jobs starting Tuesday to reduce expenses and address overhiring during the pandemic peak demand [1] Group 1: Job Cuts - The company is initiating significant layoffs as part of its strategy to streamline operations and manage costs effectively [1] - The decision reflects a broader trend in the industry where companies are reassessing their workforce in light of changing market conditions post-pandemic [1] Group 2: Financial Strategy - The job cuts are aimed at compensating for the rapid expansion and hiring that occurred during the pandemic, which has led to increased operational costs [1] - This move is expected to help the company improve its financial health and align its workforce with current demand levels [1]