Amazon Confirms 14,000 Corporate Layoffs
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At the same time, Amazon, like other giant employers, is not immune to the uncertain business climate that has prompted other companies to put the brakes on hiring and look for ways to tighten their belts as they absorb the costs of tariffs and anxiously await a lasting US-China trade deal.
Following its latest mass layoff announcement, Amazon is shifting away from game development and ending support for New World.
Amid sweeping layoffs that began throughout ecommerce giant Amazon Tuesday, the company is making "significant" changes to its video games business.
Amazon is set to slash thousands of corporate jobs starting Oct. 28, according to multiple reports. The impending corporate layoffs amount to the largest such job reduction in the company's history, CNBC and Reuters reported, citing anonymous sources.
On social media and elsewhere, impacted employees and others reacted to Amazon's decision to cut 14,000 corporate and tech workers across numerous divisions.
The other thing that makes this seem different from past layoffs is who is affected. Amazon has already optimized its warehouses. It isn’t cutting the workers who handle packages—in fact, the company plans to hire 250,000 seasonal employees to ramp up for the holidays.
Amazon's podcast and audiobook division is also affected by the company's corporate layoffs, Business insider has learned.
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Amazon CEO Andy Jassy said earlier this year that the Washington-based company could shrink its workforce by embracing AI. The firm is part of a cohort of large-cap companies that have seen their AI-related productivity increase as the technology becomes mainstream.