Amazon to Lay Off Up to 30,000 Corporate Employees

Amazon is preparing to lay off as many as 30,000 corporate employees, representing approximately 10% of its corporate workforce. The layoffs are expected to commence on Tuesday, with affected employees receiving notifications via email.

The reductions will impact several divisions, including People Experience and Technology, Devices and Services, and Operations. Managers in these departments have been instructed to prepare for the announcement and are undergoing training on handling employee discussions.

This move follows Amazon's previous layoffs in late 2022, when approximately 27,000 positions were eliminated. The company has been reassessing its workforce needs after significant hiring during the COVID-19 pandemic. CEO Andy Jassy has indicated that efficiency gains from artificial intelligence may lead to a reduced human workforce.

Despite the announcement, Amazon's stock rose 1.5% to $227.53, suggesting investor confidence in the company's cost-cutting measures. The layoffs come ahead of Amazon's third-quarter earnings report, scheduled for Thursday.