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Amazon Announces Major Layoffs Amid Cost-Cutting Measures

Amazon Announces Major Layoffs Amid Cost-Cutting Measures

Author:

Global Cryptocurrency

Published:

2025-10-27 20:55:01

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Amazon (AMZN) will terminate 30,000 employees starting October 28, marking its largest workforce reduction since late 2022. The MOVE aims to streamline operations and offset pandemic-era overexpansion. Corporate divisions—including HR, devices, and operations—will bear nearly 10% of the cuts, impacting roughly 350,000 staff.

CEO Andy Jassy's austerity drive targets bureaucratic inefficiencies, with further layoffs likely in 2026 as Amazon pivots to AI-driven automation. Shares briefly rose 1.2% post-announcement before dipping after hours. The company declined to comment on Reuters' report.

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