AMAZON TARGETS AS MANY AS 30,000 CORPORATE JOB CUTS – This is the largest job cut at Amazon since late 2022 FS
Amazon is planning to cut as many as 30,000 corporate jobs beginning today as the company works to pare expenses and compensate for overhiring during the peak demand of the covid period, according to three people familiar with the matter.
The figure represents a small percentage of Amazon’s 1.55 million total employees, but nearly 10% of the company’s roughly 350,000 corporate employees. This would represent the largest job cut at Amazon since around 27,000 jobs were eliminated starting in late 2022.
Managers of impacted teams were asked to undergo training yesterday on how to communicate with staff following notifications that will start going out via email this morning.
Amazon CEO Andy Jassy is undertaking an initiative to reduce what he has described as an excess of bureaucracy at the company, including by reducing the number of managers. He installed an anonymous complaint line for identifying inefficiencies that has elicited some 1,500 responses and over 450 process changes, he said earlier this year.
Jassy said in June that the increased use of artificial intelligence tools would likely lead to further job cuts, particularly through automating repetitive and routine tasks.
The full scope of this round of job cuts was not immediately clear. The people familiar with the matter said the number could change over time, as Amazon’s financial priorities shift.
