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

South Korean retail giant Coupang to compensate .1 billion to affected users over data breach
World

South Korean retail giant Coupang to compensate $1.1 billion to affected users over data breach

A general view shows the logo of South Korean online delivery service Coupang, at a building housing the company’s headquarters in Seoul on Dec. 9, 2025. Jung Yeon-je | Afp | Getty Images South Korean online retail giant Coupang said it will offer 1.69 trillion South Korean won ($1.17 billion) in compensation to 34 million users […]

Read More
Asia-Pacific markets trade mixed in final week of 2025; silver shoots to fresh record of
World

Asia-Pacific markets trade mixed in final week of 2025; silver shoots to fresh record of $80

19 November 2025, China, Shanghai: Boats sail past downtown Shanghai on the Huangpu River. The tallest building on the skyline is the Shanghai Tower (rear). Bernd von Jutrczenka | Picture Alliance | Getty Images Asia-Pacific markets traded mixed on Monday as investors kicked off the final trading week of the year. Japan’s benchmark Nikkei 225 […]

Read More
Stock futures are little changed after S&P 500 hits fresh record: Live updates
World

Stock futures are little changed after S&P 500 hits fresh record: Live updates

Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were little changed Sunday night after the S&P 500 scaled to fresh record levels, with traders set to wrap up a strong 2025. S&P 500 futures were up marginally, along with those tied to the Dow Jones Industrial Average. Nasdaq-100 futures […]

Read More