Amazon Confirms 14,000 Corporate Layoffs
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Amazon is set to slash thousands of corporate jobs starting Oct. 28, according to multiple reports. The impending corporate layoffs amount to the largest such job reduction in the company's history, CNBC and Reuters reported, citing anonymous sources.
Amid sweeping layoffs that began throughout ecommerce giant Amazon Tuesday, the company is making "significant" changes to its video games business.
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On social media and elsewhere, impacted employees and others reacted to Amazon's decision to cut 14,000 corporate and tech workers across numerous divisions.
The other thing that makes this seem different from past layoffs is who is affected. Amazon has already optimized its warehouses. It isn’t cutting the workers who handle packages—in fact, the company plans to hire 250,000 seasonal employees to ramp up for the holidays.
Amazon’s 30,000 job cuts show even giants aren’t immune to today’s retail pressures: efficiency, automation, and consumer caution now define the new marketplace.
Amazon's podcast and audiobook division is also affected by the company's corporate layoffs, Business insider has learned.
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Amazon CEO Andy Jassy said earlier this year that the Washington-based company could shrink its workforce by embracing AI. The firm is part of a cohort of large-cap companies that have seen their AI-related productivity increase as the technology becomes mainstream.