Amazon plans to cut 30,000 corporate jobs in response to pandemic overhiring

Figure represents nearly 10% of the company’s roughly 350,000 corporate employeesAmazon is preparing to lay off tens of thousands of corporate workers, reversing its pandemic hiring spree. The cuts come months after the retail giant’s CEO warned white-collar employees their jobs could be taken by artificial intelligence.The Seattle-based technology firm is planning to cut as many as 30,000 corporate jobs beginning Tuesday, media outlets including Reuters and the Wall Street Journal reported, citing unnamed sources familiar with the matter, as it tries to cut costs and undo the vast recruitment drive it embarked on at the height of the coronavirus pandemic, which unleashed an extraordinary – but fleeting – surge in demand for online shopping. Continue reading...

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