UPS announced a total of 34,000 jobs have been cut so far this year in its effort to turn around the struggling company. Amazon also announced job cuts, this time specifically in its executive offices, with reports varying between 14,000-30,000 job cuts projected. It represents nearly a 10% cut in its overall executive workforce. One of the hardest hit departments will be its human resources department, which follows an overall corporate trend.
Amazon is planning to cut upwards of 30,000 corporate jobs beginning this week, Reuters reports.
The company is working to “pare expenses and compensate for overhiring during the peak demand of the pandemic,” the outlet stated.
BREAKING: Amazon to cut 30,000 corporate jobs beginning tomorrow — Reuters
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Reuters shared more:
The figure represents a small percentage of Amazon’s 1.55 million total employees, but nearly 10% of the company’s roughly 350,000 corporate employees. This would represent the largest job cut at Amazon since around 27,000 jobs were eliminated starting in late 2022.
An Amazon spokesperson declined to comment.
Amazon has been trimming smaller numbers of jobs over the past two years across multiple divisions, including devices, communications, podcasting and others. The cuts beginning this week may impact a variety of divisions within Amazon, including human resources, known as People Experience and Technology, devices and services and operations, among others, the people said.
UPS cuts 34,000 jobs in the year to date as its turnaround continues News Shopper
from news.google.com