Amazon Plans To Cut 15% Of HR Staff, More Layoffs Expected Across Divisions: Report

Benzinga

Amazon plans to cut up to 15% of its HR staff as it ramps up $100B in AI investments. The layoffs follow earlier cuts in Books and Fashion divisions, even as shares have climbed over 20% in six months.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Amazon is reportedly planning to lay off up to 15% of its human resources workforce

00:06as it boosts artificial intelligence investments, according to Fortune.

00:10Layoffs will impact Amazon's people experience and technology division,

00:13which has over 10,000 global employees in recruitment, technology, and HR roles.

00:18Additional layoffs are expected across Amazon's core consumer business,

00:21but the company did not respond to Benzinga's request for comment.

00:24Planned layoffs follow Amazon's announcement to hire 250,000 U.S. seasonal workers

00:28as it invests over $100 billion in artificial intelligence this year.

00:33Amazon previously eliminated roles in its books division,

00:35including Goodreads and Kindle,

00:36and cut 200 jobs in its fashion and fitness division in January.

00:40Shares have risen 20.49% over the past six months.

00:44For all things money, visit Benzinga.com.

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