Amazon to announce largest layoffs in company history, source says
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Amazon According to information obtained by CNBC, it is preparing to announce comprehensive layoffs starting Tuesday.
The layoffs would be the largest cut in Amazon’s corporate workforce in the company’s history and would cover nearly every business, according to a person familiar with the matter who asked not to be identified because the details are private.
Amazon is expected to begin notifying employees about the layoffs via email Tuesday morning, the person said.
The company plans to lay off as many as 30,000 employees across its corporate workforce. ReutersThe first person to break the news.
Amazon declined to comment.
Amazon is the nation’s second-largest private employer, with more than 100 employees. 1.54 million employees Globally as of the end of the second quarter. This figure consists primarily of the workforce in the warehouse. It has approximately 350,000 corporate employees.
The company has carried out rolling layoffs across the company since 2022, resulting in the layoffs of more than 27,000 employees. Business disruptions continued this year, albeit on a smaller scale. Amazon’s cloud, stores, communications and devices divisions have faced layoffs in recent months.
The layoffs are part of a broader cost-cutting campaign by Amazon CEO Andy Jassy that began during the Covid-19 pandemic. Jassy also moved to simplify Amazon’s corporate structure by having fewer executives in an effort to “remove layers and flatten organizations.”
In June, Jassy said Amazon’s workforce could become even smaller as a result of the company’s adoption of generative AI, telling employees that the company “will need fewer people doing some of the jobs that are done today and more people doing other types of jobs.”
“It is difficult to know exactly where this will translate over time, but we expect this to reduce our overall corporate workforce over the next few years,” Jassy said in a June memo to staff.
WRISTWATCH: Report: Amazon aims to cut as many as 30,000 corporate jobs starting Tuesday
