Amazon.com Inc. is reportedly planning to cut up to 30,000 corporate jobs across several key departments, including logistics, payments, video games, and cloud computing. The layoffs are expected to commence as soon as Tuesday, according to sources familiar with the matter.
Amazon announced layoffs affecting 14,000 corporate workers, with plans to ultimately cut up to 30,000 jobs, or about 10% of its workforce. These reductions are part of a broader strategy to reduce expenses as the company faces increased competition in the cloud computing sector and ramps up spending on AI.