Amazon is set to eliminate roughly 14,000 more corporate jobs beginning next week. This second wave brings the company’s total workforce reduction to approximately 30,000 employees.
The online retail giant already cut 14,000 white-collar positions in October. The upcoming round is expected to match that scale and could start as soon as Tuesday, according to sources familiar with the plans.
Multiple divisions will feel the impact. Amazon Web Services, retail operations, Prime Video, and the People Experience and Technology department will all see job losses. An Amazon spokesperson declined to comment on the reports.
This represents the largest layoff event in Amazon’s history. The company previously eliminated 27,000 roles across multiple rounds in late 2022 and early 2023.
Amazon’s corporate workforce includes around 350,000 employees. The 30,000 planned cuts equal roughly 8.5% of that group.
But the company’s total workforce paints a different picture. With 1.57 million employees including warehouse and logistics staff, the reductions represent less than 2% company-wide.
CEO Andy Jassy has been clear about the reasoning. During a third-quarter earnings call, he said the layoffs are “not really financially driven and it’s not even really AI-driven.” Instead, he pointed to company culture and bureaucracy.
Amazon experienced explosive growth between 2017 and 2022. That expansion created multiple management layers the company now wants to remove.
Speculation continues about AI’s role in the layoffs. Software engineers faced heavy cuts in Washington state last year, fueling theories about automation replacing workers.
Jassy rejects that narrative. However, he previously stated he expects Amazon’s corporate workforce to shrink over time due to AI efficiencies.
The company pours billions into AI infrastructure, data centers, and computing chips. HR chief Beth Galetti described the October cuts as redirecting resources toward Amazon’s “biggest bets,” with AI leading that list.
Wall Street isn’t worried about these job cuts. Analysts see bigger factors driving the stock’s future performance.
The real focus sits on Amazon’s February 5 earnings report. AWS performance will be critical, particularly around AI-driven demand growth.
Analyst sentiment stays strong. The consensus rating is Strong Buy with 46 of 47 analysts recommending purchase. Only one analyst holds a Hold rating.
The average price target reaches $294.45. That suggests approximately 26% upside from recent trading levels.
Workers affected by October’s cuts received 90 days of payroll while searching for internal positions or external opportunities. That period ends Monday, just as the next wave arrives.
The post Amazon (AMZN) Stock: Company to Cut 14,000 More Jobs Starting Next Week appeared first on Blockonomi.
Also read: Solana Founder Says Stablecoins Are Exposing Major Flaws in Banking
