Amazon Axes 30,000 Jobs in Historic Layoff – AI Efficiency Push and Stock Gains
Amazon will cut up to 30,000 corporate jobs, or about 10% of its office workforce, starting Tuesday, in its largest layoff to date. The cuts will affect multiple divisions, including HR and operations. CEO Andy Jassy cited overhiring and increased AI automation as key drivers. Amazon shares rose 1.3% Monday after the news.