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 with the matter.
The figure represents a small percentage of Amazon's 1.55 million total workers, but it's nearly 10% of the company's 350,000 corporate employees.
This would represent the largest job cut at Amazon since around 27,000 jobs were eliminated starting in late 2022.
An Amazon spokesperson declined to comment.
The retail giant has been trimming smaller numbers of jobs the past two years across multiple divisions, including devices, communications, and podcasting.
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, the sources said.
Managers of affected teams were asked to undergo training on Monday for how to communicate with staff following notifications that will start going out via email Tuesday morning, according to the sources.
Amazon rose 1.3% to $227 into the stock market's close. The company plans to report third-quarter earnings on Thursday.
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