- Amazon plans to lay off up to 30,000 employees starting October 28, 2025.
- The job cuts aim to reduce costs and correct overhiring during the COVID-19 peak.
- The layoffs will primarily affect corporate staff across various divisions.
- Amazon will report Q3 earnings on October 30, with expected revenue near $178 billion.
- Amazon Web Services (AWS) continues to grow, supporting a recent $10 billion investment announcement.
Amazon intends to begin firing as many as 30,000 employees on October 28, 2025. The company is taking this step to lower expenses and adjust for hiring excesses during the high demand period of the COVID-19 pandemic.
This reduction represents a small fraction of Amazon’s total workforce of 1.55 million but affects nearly 10% of its 350,000 corporate employees. The job cuts will impact multiple teams, including human resources, devices and services, and operations. Amazon has not officially confirmed the layoffs as reported by Reuters.
Following the news, Amazon shares rose by 1.2% during Monday’s trading session but dipped after markets closed. CEO Andy Jassy is focused on cutting what he considers excessive bureaucracy within the company. Additional layoffs may occur in 2026 as Amazon increases its focus on Artificial Intelligence to reduce human errors in certain roles.
The company also announced a further $10 billion investment into Amazon Web Services (AWS), its cloud computing division. Amazon will release its Q3 earnings report on October 30, 2025, with analysts expecting revenue around $178 billion, a 12% rise from one year ago. Earnings per share are forecasted between $1.57 and $1.60.
According to the Motley Fool, Amazon has gained strong market momentum recently, with past quarterly sales reaching $167.7 billion. AWS has seen significant growth, generating about $30 billion in revenue. Analysts maintain a Buy rating for Amazon stock with an increased target price of $269.
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