Amazon is planning a new wave of layoffs, sources say
a day ago
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- Amazon plans to cut up to 15% of its HR staff, with additional layoffs likely in other divisions.
- The HR division, known as PXT, has over 10,000 employees globally and includes recruiting and tech staff.
- Amazon is focusing on reducing employee costs while investing heavily in AI products and infrastructure.
- CEO Andy Jassy previously oversaw the largest layoffs in Amazon's history, cutting 27,000 corporate jobs in 2022-2023.
- Jassy emphasized embracing AI to improve efficiency, which may reduce the corporate workforce.
- Amazon is hiring 250,000 seasonal warehouse workers for the holidays despite corporate layoffs.
- Amazon's stock is down slightly this year but up 15% compared to 12 months ago.