00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Amazon said Wednesday it plans to cut about six...
00:0516,000 corporate jobs, marking a second round of mass layoffs since October.
00:10The company said the reductions are part of an effort to reduce layers, including
00:15increase ownership and remove bureaucracy as it invests more heavily in artificial intelligence.
00:20The cuts follow October layoffs that eliminated 14,000 corporate roles.
00:25With Amazon previously saying reductions would continue into 2026.
00:30Amazon executive Beth Galetti said the company is not planning recurring broad layoffs,
00:34but teams will continue...
00:35to assess ownership, speed, and capacity, and make staffing adjustments as needed.
00:40Amazon employed about 1.58 million people at the end of the third quarter.
00:45Amazon has been working closely in logistics roles.
00:46The 30,000 corporate cuts since October represent about 10% of the
00:50its corporate and tech workforce.
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