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00:02Amazon will cut up to 30,000 corporate jobs starting Tuesday,
00:06marking the largest layoff in company history, according to Reuters.
00:09Cuts affect nearly 10% of Amazon's 350,000 corporate employees,
00:13will span human resources, operations, devices, and services.
00:17CEO Andy Jassy is leading a restructuring effort to reduce costs
00:20and simplify management layers, while expanding automation and AI to streamlined workflows.
00:25Reports indicate human resources can see reductions of up to 15%.
00:29Amazon will maintain 250,000 seasonal roles for the holiday season,
00:33keeping its global workforce above 1.54 million.
00:36For all things money, visit Benzinga.com.
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