Amazon’s Latest Shock: Up to 15% of HR Workforce Axed in AI-Fueled Restructuring – Stock and Market Impacts
Amazon plans to cut up to 15% of its global HR staff, potentially affecting thousands in the People eXperience & Technology division, according to reports. The layoffs come as Amazon invests over $100 billion in AI and cloud infrastructure for 2025. Despite the cuts, the company will hire about 250,000 U.S. seasonal workers for the holidays. Amazon’s Q2 net sales rose 13% to $167.7 billion, with net income at $18.2 billion.