Amazon Plans Fresh Round Of Corporate Layoffs As Andy Jassy Pushes Overhaul Of 'Culture' At The Tech Giant

benzinga_article
2026.01.23 04:38
portai
I'm PortAI, I can summarize articles.

Amazon.com Inc. is set to initiate a new wave of layoffs affecting its white-collar corporate workforce, aiming to streamline operations and enhance efficiency. The company plans to cut approximately 30,000 corporate roles, following a previous reduction of about 14,000 jobs in October 2025. CEO Andy Jassy emphasized that these layoffs are not primarily financially or AI-driven but are focused on improving company culture. Despite recent stock performance, analysts remain optimistic about Amazon's future, with a consensus price target suggesting a potential upside of 24.34%.