The post Amazon May Cut 30,000 Corporate Jobs, Report Says appeared on BitcoinEthereumNews.com. Topline Amazon is preparing to lay off up to 30,000 corporate workers, Reuters reported Monday, news that comes less than a week after internal strategy documents suggested the company would replace 600,000 workers with robots, artificial intelligence and other automation tools by 2033. A worker at an Amazon fulfillment center. Getty Images Key Facts Amazon, the second-largest employer in the country, is planning to cut as much as nearly 10% of its corporate workforce to “compensate for overhiring” during the pandemic, unnamed sources told Reuters. The news comes less than one week after the New York Times discovered the company plans to drop more than one third of its 1.55 million employees in the next eight years, calling on automated systems and robots to replace the work they currently do. The corporate layoffs could represent one of the largest job cuts in company history, potentially surpassing the axing of 27,000 jobs in 2022. Amazon did not immediately respond to Forbes’ request for comment Monday. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here: joinsubtext.com/forbes. Contra Despite reported plans to eliminate jobs higher up, Amazon has said it plans to hire the same number of seasonal employees it always does: 250,000 across full- and part-time positions during the end-of-year shopping season. Overall, American employers are planning to hire a record-low number of seasonal employees in the final months of the year. Surprising Fact If 30,000 people lose their jobs, the cut at Amazon will rank among the largest corporate job cuts in American history, almost equal with the 31,000 jobs eliminated by Boeing in the wake of the Sept. 11 terrorist attacks in 2001. The Boeing mass layoff is… The post Amazon May Cut 30,000 Corporate Jobs, Report Says appeared on BitcoinEthereumNews.com. Topline Amazon is preparing to lay off up to 30,000 corporate workers, Reuters reported Monday, news that comes less than a week after internal strategy documents suggested the company would replace 600,000 workers with robots, artificial intelligence and other automation tools by 2033. A worker at an Amazon fulfillment center. Getty Images Key Facts Amazon, the second-largest employer in the country, is planning to cut as much as nearly 10% of its corporate workforce to “compensate for overhiring” during the pandemic, unnamed sources told Reuters. The news comes less than one week after the New York Times discovered the company plans to drop more than one third of its 1.55 million employees in the next eight years, calling on automated systems and robots to replace the work they currently do. The corporate layoffs could represent one of the largest job cuts in company history, potentially surpassing the axing of 27,000 jobs in 2022. Amazon did not immediately respond to Forbes’ request for comment Monday. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here: joinsubtext.com/forbes. Contra Despite reported plans to eliminate jobs higher up, Amazon has said it plans to hire the same number of seasonal employees it always does: 250,000 across full- and part-time positions during the end-of-year shopping season. Overall, American employers are planning to hire a record-low number of seasonal employees in the final months of the year. Surprising Fact If 30,000 people lose their jobs, the cut at Amazon will rank among the largest corporate job cuts in American history, almost equal with the 31,000 jobs eliminated by Boeing in the wake of the Sept. 11 terrorist attacks in 2001. The Boeing mass layoff is…

Amazon May Cut 30,000 Corporate Jobs, Report Says

For feedback or concerns regarding this content, please contact us at [email protected]

Topline

Amazon is preparing to lay off up to 30,000 corporate workers, Reuters reported Monday, news that comes less than a week after internal strategy documents suggested the company would replace 600,000 workers with robots, artificial intelligence and other automation tools by 2033.

A worker at an Amazon fulfillment center.

Getty Images

Key Facts

Amazon, the second-largest employer in the country, is planning to cut as much as nearly 10% of its corporate workforce to “compensate for overhiring” during the pandemic, unnamed sources told Reuters.

The news comes less than one week after the New York Times discovered the company plans to drop more than one third of its 1.55 million employees in the next eight years, calling on automated systems and robots to replace the work they currently do.

The corporate layoffs could represent one of the largest job cuts in company history, potentially surpassing the axing of 27,000 jobs in 2022.

Amazon did not immediately respond to Forbes’ request for comment Monday.

Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here: joinsubtext.com/forbes.

Contra

Despite reported plans to eliminate jobs higher up, Amazon has said it plans to hire the same number of seasonal employees it always does: 250,000 across full- and part-time positions during the end-of-year shopping season. Overall, American employers are planning to hire a record-low number of seasonal employees in the final months of the year.

Surprising Fact

If 30,000 people lose their jobs, the cut at Amazon will rank among the largest corporate job cuts in American history, almost equal with the 31,000 jobs eliminated by Boeing in the wake of the Sept. 11 terrorist attacks in 2001. The Boeing mass layoff is the 10th- biggest in history.

Key Background

It’s been a big year for layoffs. By the end of July, job cuts at U.S.-based companies had already surpassed all of 2024 and, though September, employers had announced almost 1 million job cuts, more than any year since the pandemic hit in 2020, according to career services firm Challenger, Gray & Christmas. Andy Challenger, the firm’s senior vice president, said the job cuts can be largely blamed on a stagnating labor market, cost increases and “transformative new technology,” like AI. Technological updates, including automation, are responsible for 20,000 job cuts so far this year and another 17,375 cuts have been explicitly attributed to AI. The government has laid off more employees than any other sector, followed by tech companies, which have cut more than 100,000 jobs in 2025.

Forbes Valutation

Jeff Bezos, the founder of Amazon, is the fourth-richest man in the world as of Monday with a net worth of $238.7. billion. Amazon is ranked No. 5 on Forbes’ list of the largest public companies in the world, with a market value of $2 trillion.

Further Reading

ForbesAmazon Is Automating 600,000 Jobs. Here Are The 5 Jobs At Risk In 2026ForbesHere’s Why It’s Harder To Find A Seasonal Job This YearForbesAt Least 65,000 Workers Accept Trump’s Buyout—Now The Biggest Job Cut In US History

Source: https://www.forbes.com/sites/maryroeloffs/2025/10/27/amazon-may-lay-off-30000-employees-after-news-the-company-plans-mass-automation-report-says/

Market Opportunity
Moonveil Logo
Moonveil Price(MORE)
$0.000151
$0.000151$0.000151
-11.95%
USD
Moonveil (MORE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Trump Wants Rate Cuts Now — The Iran War and Oil Prices Say Otherwise

Trump Wants Rate Cuts Now — The Iran War and Oil Prices Say Otherwise

TLDR Trump posted on Truth Social demanding Fed Chair Powell cut rates “immediately” rather than wait for next week’s FOMC meeting. Markets have priced out most
Share
Coincentral2026/03/13 15:54
UK GDP arrives at 0% MoM in January vs. 0.2% expected

UK GDP arrives at 0% MoM in January vs. 0.2% expected

The post UK GDP arrives at 0% MoM in January vs. 0.2% expected appeared on BitcoinEthereumNews.com. The UK Gross Domestic Product (GDP) arrived at 0% MoM in January
Share
BitcoinEthereumNews2026/03/13 15:59
Egrag Crypto: XRP Could be Around $6 or $7 by Mid-November Based on this Analysis

Egrag Crypto: XRP Could be Around $6 or $7 by Mid-November Based on this Analysis

Egrag Crypto forecasts XRP reaching $6 to $7 by November. Fractal pattern analysis suggests a significant XRP price surge soon. XRP poised for potential growth based on historical price patterns. The cryptocurrency community is abuzz after renowned analyst Egrag Crypto shared an analysis suggesting that XRP could reach $6 to $7 by mid-November. This prediction is based on the study of a fractal pattern observed in XRP’s past price movements, which the analyst believes is likely to repeat itself in the coming months. According to Egrag Crypto, the analysis hinges on fractal patterns, which are used in technical analysis to identify recurring market behavior. Using the past price charts of XRP, the expert has found a certain fractal that looks similar to the existing market structure. The trend indicates that XRP will soon experience a great increase in price, and the asset will probably reach the $6 or $7 range in mid-November. The chart shared by Egrag Crypto points to a rising trend line with several Fibonacci levels pointing to key support and resistance zones. This technical structure, along with the fractal pattern, is the foundation of the price forecast. As XRP continues to follow the predicted trajectory, the analyst sees a strong possibility of it reaching new highs, especially if the fractal behaves as expected. Also Read: Why XRP Price Remains Stagnant Despite Fed Rate Cut #XRP – A Potential Similar Set-Up! I've been analyzing the yellow fractal from a previous setup and trying to fit it into various formations. Based on the fractal formation analysis, it suggests that by mid-November, #XRP could be around $6 to $7! Fractals can indeed be… pic.twitter.com/HmIlK77Lrr — EGRAG CRYPTO (@egragcrypto) September 18, 2025 Fractal Analysis: The Key to XRP’s Potential Surge Fractals are a popular tool for market analysis, as they can reveal trends and potential price movements by identifying patterns in historical data. Egrag Crypto’s focus on a yellow fractal pattern in XRP’s price charts is central to the current forecast. Having contrasted the market scenario at the current period and how it was at an earlier time, the analyst has indicated that XRP might revert to the same price scenario that occurred at a later cycle in the past. Egrag Crypto’s forecast of $6 to $7 is based not just on the fractal pattern but also on broader market trends and technical indicators. The Fibonacci retracements and extensions will also give more insight into the price levels that are likely to be experienced in the coming few weeks. With mid-November in sight, XRP investors and traders will be keeping a close eye on the market to see if Egrag Crypto’s analysis is true. If the price targets are reached, XRP could experience one of its most significant rallies in recent history. Also Read: Top Investor Issues Advance Warning to XRP Holders – Beware of this Risk The post Egrag Crypto: XRP Could be Around $6 or $7 by Mid-November Based on this Analysis appeared first on 36Crypto.
Share
Coinstats2025/09/18 18:36