Amazon is planning to cut as many as 30,000 corporate jobs starting Tuesday

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Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company works to pare expenses and compensate for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.

The figure represents a small percentage of Amazon’s 1.55 million total employees, but nearly 10% of the company’s roughly 350,000 corporate employees. This would represent the largest job cut at Amazon since around 27,000 jobs were eliminated starting in late 2022.

An Amazon spokesperson declined to comment.

It's hard to imagine that they can identify 30K management jobs that are redundant. Wonder how they got hired in the first place. Covid hires?

Perhaps AI showed Amazon how much money they could save in middle management cuts.

Should be good for their stock price.
 
LOL.....Corporate hiring in this day and age explained.

If you have 3 job positions you’re going to probably hire 10 people.

Out of those 10 people you hire.

Two won’t ever show up.
Three will show up for 2 to 4 weeks.
One will be absolutely worthless and get fired in days.
And then you’ll have 4 people who aren’t shit bags left.

You then downsize that last person.

That probably isn’t doing anything because the other three people are filling the actual job.
 

Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company works to pare expenses and compensate for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.

The figure represents a small percentage of Amazon’s 1.55 million total employees, but nearly 10% of the company’s roughly 350,000 corporate employees. This would represent the largest job cut at Amazon since around 27,000 jobs were eliminated starting in late 2022.

An Amazon spokesperson declined to comment.

It's hard to imagine that they can identify 30K management jobs that are redundant. Wonder how they got hired in the first place. Covid hires?

Perhaps AI showed Amazon how much money they could save in middle management cuts.

Should be good for their stock price.
Surprised about cutting. Would not have been surprised about layoff. Next week will be November. I would have thought they might need more people going into Christmas.
 
Surprised about cutting. Would not have been surprised about layoff. Next week will be November. I would have thought they might need more people going into Christmas.
They don't need middle management....But they could hardly be called people anyway. Dead weight is more like it. ;)

There are a LOT of people occupying management positions that should have been giving a great deal of thought on how to be useful in a way that can't be done over the phone.
 
Robots will be replacing many workers in the future.
 
Surprised about cutting. Would not have been surprised about layoff. Next week will be November. I would have thought they might need more people going into Christmas.
Well if you are going to cut that many people, you can start in human resources because you don't need the folks in charge of hiring ;)
 
Well if you are going to cut that many people, you can start in human resources because you don't need the folks in charge of hiring ;)
Besides, Human Relations could be handled by the AI, right?:auiqs.jpg:
 
I think the layoffs are just the beginning with AI being a convenient scapegoat but only part of the story.

It's really more a case of what goes up must eventually come back down. During the pandemic there was a massive shift to staying indoors and buying shit online. Although we clearly went through a period of spending at home, we saved more than we spent while we tried to avoid each other from the Wuhan plague. There was a massive amount of stimulus and liquidity pumped into the system (on top of more than a decade of QE and low interest rates to get over the last recession).

The situation was made worse by the pandemic's impact on the supply/demand relationship. Supply chains broke. Orders got backed up. Consumptive demand surged to record levels. Investors had money to play with. Consumers had money they angrily wanted to spend on something - anything. It led to consistently high levels of spending, GDP, and investing. In turn, companies went on a hiring binge without knowing how many employees they'd actually really need.

But all good things come to an end eventually. We saw maybe starting 2 years ago that companies were gradually not hiring as many workers and some tech companies were even letting some people go, just not in large numbers, but now they're accelerating. They layoffs are probably being made worse by tariffs, though it's hard to say at this point.

The bottom line is, the long period of economic expansion and job market stability is over. It was probably starting to wind down toward the end of last year but it's really shifting into a different gear now. AI is probably partly to blame in the sense that companies are always seeking ways to be more efficient, but that's nothing new. Maybe the pace of AI-induced efficiency is, but I think this is really about a long growth cycle that's finally coming to an end, perhaps exacerbated by policy.
 
Well if you are going to cut that many people, you can start in human resources because you don't need the folks in charge of hiring ;)
I have read they want more robots there than people in 5 years.
 
I have read they want more robots there than people in 5 years.
Can Congress figure out a way to make an income tax on robots, and have Amazon pass it on to consumers (if there are any left)? The robots will form a union and then robots will sneak in from China and there we will be. Again.
 
I have read they want more robots there than people in 5 years.
Well if they so desire, but seems like most of the stuff sold on Amazon these days ships from some third party seller
 
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