Amazon targets as many as 30,000 corporate job cuts: Reuters, citing sources

Amazon targets as many as 30,000 corporate job cuts: Reuters, citing sources


Amazon logo on brick office building facade with windows, San Francisco, California, Aug. 29, 2025.

Smith Collection | Gado | Archive Photos | Getty Images

Amazon is planning to cut as many as 30,000 corporate jobs beginning Tuesday, as the company works to pare expenses and compensate for overhiring during the peak demand of the pandemic, three people familiar with the matter told Reuters.

The figure represents a small percentage of Amazon’s 1.55 million total employees, but nearly 10% of the company’s roughly 350,000 corporate employees. This would represent the largest job cut at Amazon since around 27,000 jobs were eliminated starting in late 2022.

An Amazon spokesperson declined to comment to Reuters.



Source

Amazon laying off about 14,000 corporate workers as it invests more in AI
World

Amazon laying off about 14,000 corporate workers as it invests more in AI

People pass by The Spheres in downtown Seattle, Washington, on June 25, 2025. Juan Mabromata | AFP | Getty Images Amazon said Tuesday that it will lay off about 14,000 corporate employees, marking the latest cuts in the company’s multi-year effort to rein in costs. In a blog post, the company wrote that the layoffs […]

Read More
PayPal signs deal with OpenAI to become the first payments wallet in ChatGPT
World

PayPal signs deal with OpenAI to become the first payments wallet in ChatGPT

Alex Chriss, CEO of PayPal Inc. Courtesy: PayPal PayPal has signed a deal with OpenAI to have its digital wallet embedded into ChatGPT so users can pay for items found through the leading consumer AI tool, the company told CNBC exclusively. The agreement, sealed over the weekend, means that starting next year, both sides of […]

Read More
European stocks turn negative as earnings, Fed decision hold spotlight; Novartis falls 3%
World

European stocks turn negative as earnings, Fed decision hold spotlight; Novartis falls 3%

LONDON — European stocks were lower on Tuesday as global markets await the U.S. Federal Reserve’s interest rate decision. By 8:58 a.m. in London (4:58 a.m. ET), the pan-European Stoxx 600 was trading 0.2% lower, with most sectors and major bourses trading in negative territory. Bucking the trend was the utilities sector, often seen as […]

Read More