Amazon targets as many as 30,000 corporate job cuts, sources say

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Synopsis

Amazon is gearing up for a major shakeup, potentially cutting 30,000 corporate roles from its ranks. This strategic decision is part of a broader effort to rein in costs after a hiring spree fueled by pandemic demands. With this anticipated drop, the company is poised for its largest workforce contraction since 2022.

Image for Amazon targets as many as 30,000 corporate job cuts, sources sayReuters
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, according to three people familiar…



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Amazon targets as many as 30,000 corporate job cuts, sources say


Synopsis

Amazon is gearing up for a major shakeup, potentially cutting 30,000 corporate roles from its ranks. This strategic decision is part of a broader effort to rein in costs after a hiring spree fueled by pandemic demands. With this anticipated drop, the company is poised for its largest workforce contraction since 2022.

Image for Amazon targets as many as 30,000 corporate job cuts, sources sayReuters
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, according to three people familiar…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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