Sources: Amazon May Cut 30K Corporate Jobs Starting Tuesday

Amazon Braces for Massive Layoffs: Up to 30,000 corporate jobs are on the chopping block in Amazon's largest layoff round ever, as the tech giant seeks to slash costs following pandemic-era over hiring. Despite the looming cuts affecting numerous divisions, including HR and devices, Amazon's stock surprisingly rose, signaling investor confidence amidst the uncertainty. The company's upcoming third-quarter earnings report is expected to shed more light on the strategic rationale behind these drastic measures. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.