Shares of Amazon were rising early on Tuesday as the company said it intends to cut 14,000 corporate jobs and suggested there will be further rounds of layoffs in future. “We expect to continue hiring in key strategic areas while also finding additional places we can remove layers, increase ownership, and realize efficiency gains,” Beth Galetti, senior vice president of People Experience and Technology at Amazon, said in an internal memo announcing the reduction. Amazon shares were up 0.5% in premarket trading, having gained 1.2% the previous day when it was initially reported the cuts could be as many as 30,000 jobs.
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Amazon to Slash 14,000 Corporate Jobs. Stock Rises as It Warns of More Cuts to Come.
Published 1 week ago
Oct 28, 2025 at 10:12 AM
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