As part of a restructuring plan, Amazon announced in early 2023 that it would lay off approximately 18,000 employees by 2025. Affected positions will primarily be in the company’s retail, technology, and human resources divisions.
The layoffs, which represent about 6% of Amazon’s corporate workforce, are part of a broader cost-cutting effort by the company. Amazon has been facing slowing sales growth and increasing competition from other retailers. The layoffs are expected to save the company about $1 billion per year.