Amazon to announce largest layoffs in company history, source says

Amazon to announce largest layoffs in company history, source says


A person walks by The Spheres at the Amazon.com Inc. headquarters in Seattle, Washington, on Nov. 14, 2022.

David Ryder | Getty Images News | Getty Images

Amazon is preparing to announce sweeping job cuts beginning Tuesday, CNBC has learned.

The layoffs will amount to the largest cuts to Amazon’s corporate workforce in the company’s history, spanning almost every business, according to a person familiar with the matter, who asked not to be named because the details are confidential.

Amazon is expected to begin informing employees of the layoffs via email Tuesday morning, the person said.

The company plans to lay off as many as 30,000 staffers across its corporate workforce, according to Reuters, which first reported the news.

Amazon declined to comment.

The company has conducted rolling layoffs across the company since 2022, which has resulted in more than 27,000 employees being let go. Job reductions have continued this year, though at a smaller scale. Amazon’s cloud, stores, communications and devices divisions have been hit with layoffs in recent months.

The layoffs are part of a broader cost-cutting campaign by Amazon CEO Andy Jassy that began during the Covid-19 pandemic. Jassy has also moved to simplify Amazon’s corporate structure by having fewer managers in order to “remove layers and flatten organizations.”

Jassy said in June that Amazon’s workforce could shrink further as a result of the company embracing generative AI, telling staffers that the company “will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs.”

“It’s hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce,” Jassy said in the June memo to staff.

WATCH: Report: Amazon targets as many as 30,000 corporate job cuts beginning Tuesday

Report: Amazon targets as many as 30,000 corporate job cuts beginning Tuesday



Source

Google bolsters bet on AI-powered commerce with new platform for shopping agents
Technology

Google bolsters bet on AI-powered commerce with new platform for shopping agents

The Google logo displayed on a smartphone alongside a shopping cart. Rafael Henrique | SOPA Images | LightRocket via Getty Images As retailers increasingly turn to artificial intelligence tools to lure shoppers and run key parts of their business, Google wants to make sure it’s in the center of the action. At the kickoff of […]

Read More
How the AI data center bubble story is playing out inside one booming energy stock
Technology

How the AI data center bubble story is playing out inside one booming energy stock

Bloom Energy power storage equipment, San Ramon, California. Smith Collection | Gado | Archive Photos | Getty Images A million bubbles were swirling inside each glass of Champagne poured on New Year’s Eve — which seems about like the number of times artificial intelligence bubbles have been mentioned by tech investors, economists and media pundits […]

Read More
The AI question every job candidate on interview should be prepared to answer
Technology

The AI question every job candidate on interview should be prepared to answer

Maskot | Maskot | Getty Images If there is still no clear answer to the question of how artificial intelligence is influencing gains and losses in the job market, there is at least one AI question that job candidates, and current workers hoping to keep their roles, should be prepared to answer clearly in 2026. […]

Read More