Job cuts may affect HR, devices, services, operations. CEO Jassy aims to reduce bureaucracy, increase AI use. Amazon shares rise 1.2%.
Amazon (AMZN.O), opens new tab is planning to cut as many as 30,000 corporate jobs beginning on Tuesday 28th October, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.