Amazon.com (AMZN) said it plans to cut about 16,000 corporate jobs as it steps up efforts to streamline its organization.
U.S.-based employees affected by the cuts will have 90 days to look for new roles internally and will receive severance and other transition support, according to a blog post Wednesday by Beth Galetti, Amazon’s senior vice president of people experience and technology.
“We’ve been working to strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy,” Galetti said.
“While we’re making these changes, we’ll also continue hiring and investing in strategic areas and functions that are critical to our future. We’re still in the early stages of building every one of our businesses and there’s significant opportunity ahead,” Galetti added.
Amazon (AMZN) had about 1.57M employees as of Sept. 30, the majority of whom work in warehouses. Its corporate staff numbers roughly 350,000, making the latest layoffs about 4.6% of that workforce.
The latest cuts come just months after Amazon (AMZN) said it would eliminate 14,000 roles. CEO Andy Jassy’s tenure has been marked by several rounds of job cuts and the closure of underperforming projects. Between late 2022 and early 2023, the company eliminated about 27,000 corporate roles as part of earlier restructuring efforts.
AMZN shares were up 0.39% premarket.