TLDR
- Amazon plans to cut roughly 14,000 corporate jobs starting next week, bringing total layoffs to approximately 30,000 employees
- The cuts affect AWS, retail, Prime Video, and HR departments, representing nearly 10% of Amazon’s 350,000 corporate workforce
- CEO Andy Jassy says the layoffs are driven by reducing bureaucracy and management layers, not financial stress or AI replacement
- This would be Amazon’s largest layoff cycle ever, surpassing the 27,000 jobs cut in 2022
- Wall Street analysts remain bullish with a Strong Buy rating and see 26% upside potential ahead of Amazon’s February 5 earnings report
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Amazon is preparing to cut approximately 14,000 more corporate jobs starting as early as next week. This marks the second wave of a broader plan to reduce its white-collar workforce by 30,000 employees.
Amazon.com, Inc., AMZN
The company already eliminated about 14,000 positions in October. With the upcoming cuts, Amazon’s total job reductions would reach 30,000 employees. That’s the largest layoff cycle in the company’s three-decade history.
The cuts will hit several key divisions. Amazon Web Services, retail operations, Prime Video, and the People Experience and Technology team will all see reductions. The full scope remains unclear and details could still change.
Amazon’s corporate workforce stands at around 350,000 people. The 30,000-person reduction represents roughly 8.5% of that group. When viewed against Amazon’s total workforce of 1.57 million empl