Amazon To Cut Up To 30,000 Jobs, Largest Layoff In Company History

Benzinga

Amazon will cut up to 30,000 corporate jobs, or nearly 10% of staff, in its largest layoff ever. CEO Andy Jassy aims to streamline operations through automation and AI while maintaining 250,000 seasonal roles.

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

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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