Amazon is expected to trim as many as 30,000 corporate jobs Tuesday.
The reduction would impact 10% of the company’s 350,000 office workers, according to CNBC. Sources said the cuts are meant to offset a hiring spree that occurred during the pandemic when demand for the online retailer was inflated.
RELATED: Amazon planning to replace 600,000 workers with robots: report
The job losses would reportedly mark Amazon’s biggest cuts since 27,000 were cut loose in 2022. Amazon stock shares were up 1.2% Monday afternoon following the announcement.
The staff reductions could impact workers specializing in human resources as well as services and operations, according to Reuters. Amazon reportedly plans to reduce bureaucracy and employ AI.
Managers of the divisions that will be affected were believed to have been trained on how to communicate the changes to their staffers Monday. Tuesday morning emails are expected to provide more details about the job cuts.
The New York Times reported last week that Jeff Bezos’ shopping juggernaut has looked at using AI and robotics to perform 600,000 jobs in the coming years that would otherwise be done by humans. Amazon pushed back on that report, telling the Daily News by email that the “leaked documents” supporting that report “paint an incomplete and misleading picture of our plans.”
The company plans to hire 250,000 workers over the holidays and boasts that “no company has created more jobs in America over the past decade than Amazon.”
The Democrat and Chronicle reported that 8,500 of those new jobs will go to New Yorkers. It’s unclear how many of those positions are seasonal. Amazon employs around 1.2 million U.S. workers.
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