Amazon Plans Thousands More Layoffs Amidst Cost-Cutting Drive

• Amazon is preparing to cut thousands more corporate jobs, continuing its cost-cutting and management streamlining efforts.
• This new round of layoffs follows a previous announcement to eliminate about 14,000 roles, with warnings of further reductions.
• The job cuts are being implemented in phases, mirroring large-scale layoffs from late 2022 and early 2023 that affected approximately 27,000 positions.
• The current layoffs primarily target Amazon's corporate workforce of about 350,000 employees, not its vast warehouse staff.
• CEO Andy Jassy anticipates generative AI will further reduce Amazon's corporate workforce in the coming years.

Why It Matters: Amazon continues its aggressive cost-cutting, planning thousands more corporate job cuts globally.