Amazon plans to lay off as many as 30,000 corporate employees, reports reavealed.
According to CNN, the cuts would total nearly 10% of the companyâs corporate jobs, as advances in artificial intelligence stoke fears about the white-collar workforce and the US labor market shows signs of weakening.
Amazon has over 350,000 corporate employees, according to a 2024 survey filed to the US Equal Employment Opportunity Commission.
In June, Amazon CEO Andy Jassy said in a blog post to employees that efficiency gains from artificial intelligence would allow the company to eventually have a reduced human workforce.
Itâs not the first round of massive layoffs for the tech giant. In 2023, the company cut 27,000 workers in its human resources department, Amazon Stores, Amazon Web Services and other divisions. At the time, Jassy attributed the job cuts to a worsening global economic outlook.
The cuts come as the US job market has showed warning signs for months, especially for young tech workers.Â
There have been widespread concerns that generative AI could eventually replace many human workers as companies cut costs through greater automation.
However, AI experts say a lot of these fears arenât backed by substantial research.
