Amazon to Announce More Corporate Job Cuts Next Week: Sources

• The upcoming layoffs are expected to match the October 2023 cut of approximately 14,000 corporate workers
• Amazon's total job reduction target is 30,000 white-collar positions, with about half already eliminated in the first round
• The company declined to comment on the planned layoffs, which could begin as early as Tuesday according to unnamed sources

Summary: Amazon to Announce Additional Corporate Job Cuts

Key Development:

Amazon is preparing to announce a second round of corporate layoffs next week, targeting approximately 14,000-16,000 positions as part of a broader 30,000-job reduction plan, according to sources familiar with the matter.

Key Facts:

• Total reduction target: 30,000 corporate workers
• Previous cuts: 14,000 white-collar positions eliminated in October
• Upcoming cuts: Expected to be roughly the same size as the October round
• Timeline: Announcements could begin as early as Tuesday, January 28
• Source verification: Amazon declined to comment on the report

Context:

The planned layoffs represent the second phase of Amazon's previously announced workforce reduction initiative. The October cuts accounted for approximately half of the company's total 30,000-job reduction target, with this upcoming round expected to complete or nearly complete the planned headcount reduction.

Market Implications:

• Signals continued cost-cutting measures at one of the world's largest technology companies
• Reflects ongoing corporate restructuring efforts in the tech sector
• May indicate Amazon's focus on operational efficiency amid economic uncertainty
• Could influence broader tech industry employment trends

Sector Impact:

The announcement affects Amazon's corporate workforce specifically, targeting white-collar positions rather than warehouse or logistics operations. This follows a pattern of major technology companies streamlining their operations and reducing headcount in response to economic conditions and profitability pressures.

The layoffs underscore the tech industry's shift from rapid pandemic-era expansion to a more conservative approach focused on cost management and operational efficiency.