Amazon is planning to cut as many as 30,000 corporate positions, which would represent about 10% of its corporate workforce, according to a report from Reuters on Monday. The job cuts are reportedly expected to begin as soon as the following day. This move signals a significant cost-cutting effort from the e-commerce and cloud computing giant. While Amazon frequently adjusts its workforce, a reduction of this scale in its corporate ranks is a notable strategic shift for the company as it navigates the current economic landscape. No specific market reaction to this news was available in the reports.
Amazon Reportedly Planning to Cut 30,000 Corporate Jobs
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