Amazon reportedly laying off 30,000 employees

Layoff Details - Amazon is reportedly planning massive layoffs, potentially cutting as many as 30,000 corporate jobs [1] - The layoffs are expected to impact white-collar jobs, potentially affecting 10% of corporate office positions [2] - Departments like advertising, HR, and cloud computing are expected to be affected [1] - The layoffs are rumored to commence tomorrow [2][3] Strategic Implications - The company's cost-cutting strategy involves leveraging AI to optimize workforce productivity and potentially reduce layers within the office [3] - The company aims to utilize AI to streamline operations and potentially reallocate work to AI-driven functions [3] Market Impact - The scale of the layoffs at Amazon, one of the world's largest companies, raises concerns about the broader economic outlook and potential job cuts at other companies [1]