Amazon to axe another 16,000 corporate jobs

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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Amazon has outlined plans to cut a further 16,000 jobs across its corporate workforce, as the company restructures and increases spending on AI.

In a message to staff on Wednesday, senior executive Beth Galetti said the company was making “organisation changes”, including “reducing layers . . . and removing bureaucracy”.

The changes would affect about 16,000 jobs, and “most” US-based employees would be given 90 days to look for a new role internally or offered severance pay, she added.

The latest cuts will bring the total number of lay-offs at Amazon’s corporate workforce to 30,000, after the company announced plans in October to axe 14,000 jobs.

Amazon does not disclose a figure for its corporate headcount, but it is estimated to be around 350,000 staff.

This is a developing story