Amazon reportedly set to announce massive layoffs

Layoff Announcement - Amazon is reportedly planning massive layoffs, potentially cutting as many as 30,000 corporate jobs [1] - These cuts are reported to be the largest in the company's history [1] - The layoffs are expected to impact areas such as advertising, HR, and cloud services [2] AI and Cost Cutting - The company may be using AI for cost-cutting measures, aiming to optimize workforce and improve productivity [2] - CEO Andy Jasse stated the company would use any technology to cut costs [5] - Cost cutting includes cutting HR and advertising, potentially using technology and AI to improve efficiency [5] Previous Downsizing - Amazon had previously downsized by 27,000 employees in 2022 [4] - The current potential layoffs are even larger than the 2022 downsizing [4] Market Impact - The potential layoffs at Amazon, one of the world's largest companies, raise concerns about the broader economic outlook [2]