SAN FRANCISCO (Reuters) – Amazon plans to cut up to 30,000 corporate jobs starting on Tuesday as the company works to cut expenses and compensate for overhiring during the pandemic’s peak demand, according to three people familiar with the matter.
The figure represents a small percentage of Amazon’s total 1.55 million employees, but almost 10% of the company’s approximately 350,000 corporate employees. This would represent the largest job cuts at Amazon since around 27,000 jobs were eliminated starting in late 2022.
An Amazon spokesperson declined to comment.
Amazon has been cutting a smaller number of jobs over the past two years across multiple divisions, including devices, communications, podcasting and others. The cuts beginning this week may affect a variety of divisions within Amazon, including human resources, known as People Experience and Technology, devices and services, and operations, among others, the people said.
Managers of the affected teams were asked to receive training Monday on how to communicate with staff following notifications that will begin being emailed tomorrow morning, the people said.
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Amazon shares rose 1.5% to $227.53. The company plans to report third-quarter earnings on Thursday.
(Reporting by Greg Bensinger; Editing by Chizu Nomiyama)
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