News Summary

• Amazon said on Tuesday that it plans to reduce its corporate workforce by 14,000 jobs.
• The move is aimed at making the company “even stronger” by shifting resources to invest in its “biggest bets” Amazon had nearly 1.2 million employees as of October 31, 2024, of which more than 360,000 were in its corporate division.
• In June, Amazon CEO Andy Jassy wrote in a memo to staff that the company would need fewer employees as it continues to roll out more AI agents.