Name: Amazon to cut as many as 30,000 corporate jobs beginning Tuesday
Uploaded: 2025-10-27T22:23:02.150Z
Duration: 2 min 37 s
Description: Amazon is preparing to announce sweeping job cuts beginning Tuesday, CNBC has learned. The company plans to lay off as many as 30,000 staffers across its corporate workforce.

Amazon is preparing to announce sweeping job cuts beginning Tuesday, CNBC has learned. The company plans to lay off as many as 30,000 staffers across its corporate workforce.

New York

Amazon is reportedly planning to reduce its corporate workforce by up to 30,000 positions, according to a Reuters report. The decision is attributed to several factors, including overhiring during the pandemic, the accelerating impact of artificial intelligence, and potential effects from tariffs on imported goods.

While some of the job cuts may be linked to advancements in technology, particularly AI, other contributing factors include a normalization of business volume after the pandemic and challenges in international supply chains. The report notes that while new jobs may eventually be created by technological change, there could be significant short-term disruption for affected workers.

Amazon to cut as many as 30,000 corporate jobs beginning Tuesday

Continue to follow the story we heard about at the end of the previous hour. And that was Amazon reportedly planning to cut as many as 30,000 corporate jobs beginning on Tuesday. Our senior economics correspondent Steve Leisman joins us with more. Steve it's a big number and it's a big story in how we're thinking about as we here look at A.I. related stocks and we think about all of the optimism and all of the money that is being thrown towards this transformational technology. The impact negatively that is going to undoubtedly have on tens of thousands hundreds of thousands millions of workers in this country over time. I'm wondering how as an economist you're looking at this kind of an announcement and thinking in the bigger picture what it's going to mean. Well first of all Scott this is a Reuters story that we haven't confirmed. It seems like for sure this is happening. It was something that they previously announced. Not all of it. It seems to me Scott we can attribute to A.I. because there's a bunch of things going on in Amazon to the extent that is a I will tell you that it seems clear to me that this stuff's happening faster than we envisioned. And the first part of that I think is that going back to a speech by Fed Governor Waller who talked about this essentially a J curve where things get worse before they get better. People are displaced from their jobs and the new jobs that tend to be created by technology have not been created yet. The fields don't even exist in some of them. So there will be some some help on the back end of this. But there could be some pain at the front end. But I would point out a couple of things. The Reuters story does note this other issue which could be broader as well. This issue of overhiring from the pandemic. People were grabbing employees right and left. And now you get to a point where the volume and the business normalizes and you have too many people on board. So that's something that's been out there. And there's actually been some concern by the Fed here Scott that there may be some people let go because of this. This is an issue that essentially companies have been holding on to workers and then they they hope that they're going to get the volume and they don't get it. The other third aspect here that is worth noting Scott is perhaps tariffs playing a role in it with Amazon. A lot of the stuff they get from overseas. I don't know what's happened to the volume of that but the stories I've read suggest that there has been an impact on their business and that could be affecting the level of employment of Amazon.

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