Amazon plans to cut up to 30,000 corporate jobs by the end of 2023. This decision is linked to the need to optimize costs and correct the overstaffing of corporate employees, which grew rapidly during the peak of the COVID-19 pandemic. The cuts affect a small number of corporate divisions, as reported by Bloomberg reporters, and will proceed as planned for both corporate and development divisions. Amazon officially did not deny the layoffs, but earlier in 2022 it announced a hiring freeze. "The company is prioritizing measures to streamline corporate structures and make the company more resilient to future demand," said Amazon representatives. This is the second major wave of layoffs at Amazon in the last 15 months, after the corporation had already laid off about 18,000 employees in 2022. Recall that in 2020-2021, Amazon significantly expanded its staff to meet the growing demand for electronic commerce and logistics services. Now, in the current conditions of market decline and inflation, the company's focus is shifting to cost-cutting measures.
Amazon to Cut Up to 30,000 Jobs Amid Cost-Cutting Measures
According to three informed sources, Amazon plans to eliminate up to 30,000 jobs starting Tuesday. This move is part of the company's strategy to reduce expenses and counteract the over-hiring that occurred during the peak demand of the COVID-19 pandemic.