Amazon reported to layoff 30,000 corporate jobs, this is the largest layoff in history, **** cuts 14,000 jobs this morning

[Standing on business]

Exclusive: Amazon targets as many as 30,000 corporate job cuts, sources say​

Greg BensingerOctober 27, 20258:41 PM CDTUpdated 10 mins ago

SAN FRANCISCO, Oct 27 (Reuters) - Amazon (AMZN.O) is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, 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 its roughly 350,000 corporate employees. This would mark Amazon's largest job cut since late 2022, when it started to eliminate around 27,000 positions.

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An Amazon spokesperson declined to comment.

Amazon has been trimming smaller numbers of jobs over the past two years across multiple divisions, including devices, communications and podcasting. The cuts beginning this week may affect a variety of divisions, including human resources, known as People Experience and Technology or PXT; operations, devices and services; and Amazon Web Services, the people said.
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Managers of impacted teams were asked to undergo training on Monday for how to communicate with staff following email notifications that will start going out on Tuesday morning, the people said.

Amazon CEO Andy Jassy is undertaking an initiative to reduce what he has described as an excess of bureaucracy, 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.

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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.
"This latest move signals that Amazon is likely realizing enough AI-driven productivity gains within corporate teams to support a substantial reduction in force," said Sky Canaves, an eMarketer analyst. "Amazon has also been under pressure in the short-term to offset the long-term investments in building out its AI infrastructure."

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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. Fortune earlier reported that the human resources division could be targeted with a cut of roughly 15%.

A program begun early this year to bring employees back in the office five days per week, among tech's most stringent, has failed to generate sufficient attrition, said two of the people, citing that as another reason for the size of the layoff. Some of the employees who are not swiping in daily because they live far from corporate offices, or for other reasons, are being told they have voluntarily quit Amazon and must leave without severance, a savings for the company.

Layoffs.fyi, a website tracking tech job cuts, estimated that about 98,000 jobs have been lost so far this year among 216 companies. For all of 2024, the figure was 153,000.

Amazon's largest profit center, cloud computing unit AWS, reported second-quarter sales of $30.9 billion, a 17.5% increase that was well below gains of 39% for Microsoft's (MSFT.O)Azure and of 32% for Alphabet's (GOOGL.O)Google Cloud.
Estimates indicate that AWS will have boosted third-quarter sales by about 18% to $32 billion, a slight slowdown from last year's 19% increase. AWS is still reeling from a roughly 15-hour internet outage last week that felled many of the most popular online services, like Snapchat (SNAP.N) and Venmo.
Amazon appears to be expecting another big holiday selling season. It plans to offer 250,000 seasonal jobs to help staff warehouses, among other needs, the same as in the prior two years.
Amazon on Friday also announced a reorganization of a segment of its PXT unit focused on diversity initiatives, a memo reviewed by Reuters showed. The changes largely involved promoting people to new roles.

Amazon shares rose 1.2% to $226.97 on Monday. The company plans to report third-quarter earnings on Thursday.

Reporting by Greg Bensinger in San Francisco; Editing by Chizu Nomiyama, Matthew Lewis and Richard Chang
Our Standards: The Thomson Reuters Trust Principles.

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[TELL ME YA CHEESIN FAM?]

 

[Oatmeal]

Great Depression 2.0

I bet alot of those hr people were remote and living in lcol areas while making hcol wages. Target was the same way, I noticed alot of people from out west and pacific north west moving to my area and pricing people out of homes or buying multiple properties.

 

[staticshock]

Great Depression 2.0

I bet alot of those hr people were remote and living in lcol areas while making hcol wages. Target was the same way, I noticed alot of people from out west and pacific north west moving to my area and pricing people out of homes or buying multiple properties.

If that’s the case then good

 

[Elim Garak]

Trump has to reverse these trash policies.

 

[Samori Toure]

Great Depression 2.0

The economy is fine. Golden age. The economy is fine!!!!!!!!!!!!!

 

[VertigoKnight]

Damn.

Next up, 90% robot-run fulfillment centres. You know that's the end game.

 

[JNew]

…winter is coming…

 

[The BasedFather]

Streets about to be starvin. More homeless and more people lined up at food pantries

 

[O.Red]

…winter is coming…

Winter been here y'all just been sleep

 

[CrimsonTider]

How long is this process going to take?

I dont Understand how this is feasible

 

[chineebai]

30k is crazy

 

[MikelArteta]

these rich fakkits, cant wait till we bring the guillotine back on em.

making so much money and near christmas chopping thousands of jobs

 

[Standing on business]

Amazon just cut 14,000 jobs, and it’s not done​

Ramishah Maruf

New York —
Amazon said it would cut 14,000 corporate staffers this year in a mass layoff aimed at readying the company for wide adoption of AI technology.

The company noted that it would be hiring in key areas and would prioritize those who lost their jobs for those roles. But the company also said it wasn’t done with layoffs.

“We expect to continue hiring in key strategic areas while also finding additional places we can remove layers, increase ownership, and realize efficiency gains,” said Beth Galetti, Amazon’s senior vice president of people experience in a memo to employees that the company put on its public blog.

Reuters, which on Monday first reported Amazon would lay off staff, said the job cuts could ultimately reach 30,000.

Galetti said Amazon needs to operate more leanly to achieve CEO Andy Jassy’s vision of operating like the world’s biggest startup. Jassy wants the company to remain nimble so it can adapt and change quickly as AI upends the technology sector.

“What we need to remember is that the world is changing quickly. This generation of AI is the most transformative technology we’ve seen since the Internet, and it’s enabling companies to innovate much faster than ever before,” Galetti said. “We’re convicted that we need to be organized more leanly, with fewer layers and more ownership, to move as quickly as possible for our customers and business.”

Amazon has over 350,000 corporate employees, according to a 2024 survey filed to the US Equal Employment Opportunity Commission, so the cuts represent about 4% of the company’s overall staff.

Layoffs will begin Tuesday. Most employees will be given 90 days to look for new roles internally, while people that can’t get new jobs at Amazon will be given severance pay and additional benefits.

In June, Jassy said in a separate blog post to employees that efficiency gains from artificial intelligence would allow the company to eventually have a reduced human workforce.

“As we roll out more Generative AI and agents, it should change the way our work is done. We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs,” he bluntly admitted in a previous note.

Al won’t just effect change at Amazon, Jassy said. AI “will change how we all work and live,” including “billions” of AI agents “across every company and in every imaginable field.” However, much of this remains speculative.

“Many of these agents have yet to be built, but make no mistake, they’re coming, and coming fast,” Jassy said.

It’s not the first round of massive layoffs for the tech giant. In 2023, the company cut 27,000 workers in its human resources department, Amazon Stores, Amazon Web Services and other divisions. At the time, Jassy attributed the job cuts to a worsening global economic outlook.

The company’s cuts are the latest in a long line of efforts to make Amazon more efficient and focused, said Neil Saunders, managing director of GlobalData, in a note to investors Monday.

“Markets across the world are tightening at the same time as underlying costs are rising,” Saunders said. “Amazon is not immune to this, and it needs to act if it wants to continue with a good bottom line performance. In some ways, this is a tipping point away from human capital to technological infrastructure.”

The cuts come as the US job market has showed warning signs for months, especially for young tech workers. There have been widespread concerns that generative AI could eventually replace many human workers as companies cut costs through greater automation. However, AI experts say a lot of these fears aren’t backed by substantial research.

 

[010101]

bare.face*