Amazon.com Inc (NASDAQ:AMZN) said on Wednesday it will cut approximately 16,000 jobs across the company, marking the second major round of layoffs in three months. The reductions follow 14,000 cuts in October 2025, primarily at the corporate level.
Once upon a time, Amazon tried to build a physical-store kingdom: cashierless convenience in Amazon Go, grocery at Amazon Fresh, Amazon kiosks in malls for small electronics, Amazon 4-star for I-never-understood-what, fashion at Amazon Style, deals-of-the-day at Amazon Treasure Truck and Amazon Books.
Amazon (NASDAQ: AMZN) received a couple of positive price target revisions from major Wall Street companies on Wednesday, January 28.
Stock futures are higher Wednesday morning as investors await the latest decision from the Federal Reserve on interest rates and earnings reports from several tech giants; the Fed is widely expected to hold rates steady, but investors will be keeping close tabs on Fed Chair Jerome Powell's comments at a press conference this afternoon; Tech heavyweights Meta Platforms, Tesla and Microsoft are each set to report quarterly results after the closing bell, headlining a busy day of earnings; Chinese authorities have reportedly given the green light to a number of companies to order Nvidia's H200 chips; and Amazon is undergoing another round of job cuts with about 16,000 employees expected to be affected by layoffs. Here's what you need to know today.
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.