Amazon Prepares for Fresh Layoffs, Thousands More Jobs to be Cut Next Week

• Amazon is set to begin a new round of layoffs as early as next week, impacting thousands of corporate employees.
• The layoffs are part of a broader plan to reduce 30,000 corporate workers, affecting units like Amazon Web Services, Retail, Prime Video, and HR.
• This follows a previous announcement of 14,000 job cuts and a warning of more potential layoffs by 2026.
• Amazon aims to become a more agile organization, reduce costs, and promote Artificial Intelligence (AI) through these measures.
• The tech industry as a whole is experiencing widespread layoffs, with companies like Amazon focusing on AI and cloud hiring while cutting other positions.

Why It Matters: Amazon is initiating another significant round of layoffs impacting thousands of corporate jobs across various units.