Amazon said today that it is cutting 16,000 jobs across the company. This reduction comes after the e-commerce company laid off 14,000 people in October.
Amazon (NASDAQ:AMZN) stock moved in pre-market trading Wednesday morning after the company announced it will cut 16,000 jobs globally.
Amazon will double down on the Whole Foods brand, killing two of its own physical retail experiments in the process.
It's been a brutal week when it comes to layoffs.
Shares of Amazon.com Inc. (NASDAQ: AMZN) gained 5.83% over the past five trading sessions after losing 6.38% the five prior.
Amazon said it is discontinuing Amazon One. The technology enables users to use their palms for actions such as payments and venue check-ins.
In a blog post addressing the company's employees last year, Amazon CEO Andy Jassy noted that the e-commerce giants increasing adoption of AI will impact jobs. “As we roll out more Generative AI and agents, it should change the way our work is done.
Pinterest and Autodesk are among other tech companies that have started 2026 with layoff announcements.
Amazon is laying off about 16,000 corporate workers. It marks the company's second round of mass job cuts since last October.
Amazon ( NASDAQ:AMZN ) just announced it's shutting down both its Amazon Go convenience stores and Amazon Fresh grocery locations, marking a dramatic retreat from physical retail.
Amazon has told staff it plans to cut around 16,000 jobs globally as part of efforts to streamline operations and reduce bureaucracy across the business.
Amazon is laying off another 16,000 corporate employees globally, the company confirmed Wednesday morning, the second phase in a restructuring that now totals 30,000 positions — marking the largest workforce reduction in the company's history.