Amazon to lay off 30,000 employees in largest job cut since 2022
San Francisco: E-commerce giant Amazon is set to lay off around 30,000 corporate employees starting Tuesday as part of a major cost-cutting drive aimed at streamlining operations following extensive overhiring during the Covid-19 pandemic, news agency Reuters reported.
While the figure represents a small fraction of Amazon’s 1.55 million-strong workforce, it amounts to about 10% of its 350,000 corporate staff, making it the company’s largest round of layoffs since 2022–23, when roughly 27,000 positions were cut.
Amazon has carried out smaller rounds of job reductions over the past two years across several divisions, including devices, communications, and podcasting. The latest cuts are expected to impact multiple departments, such as People Experience and Technology (PXT), the company’s human resources arm, as well as operations, devices and services, and Amazon Web Services (AWS).
According to an internal memo, cited by Reuters, Amazon had recently announced a reorganisation within a segment of its PXT unit focused on diversity initiatives. The changes largely involved promotions and role adjustments within the team.
Amazon shares rose 1.2% to $226.97 on Monday. The company is scheduled to report its third-quarter earnings on Thursday.
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K'taka remains central to Aequs' strategy, says min Patil amid row over firm's investment in TN
Bengaluru (PTI): Karnataka Commerce and Industries Minister M B Patil on Monday asserted that Aequs continues to expand in the state and that its proposed investment in neighbouring Tamil Nadu was a business decision aimed at diversification, not a shift away from Karnataka.
Reacting to criticism on social media over reports that the Karnataka-based firm had signed a major investment deal in Tamil Nadu's Krishnagiri district for setting up a specialised aerospace and defense manufacturing cluster, he said the state government was fully aware of the company's plans and remained confident about its long-term commitment to Karnataka.
"While we welcome every major investment in India, would like to clarify a few points," Patil said in a post on 'X'.
Aequs was significantly expanding its footprint within Karnataka, including a Rs 3,000 crore investment in Kolar for electronics manufacturing.
"Its recently approved Rs 1,500 crore ECMS project will also be grounded in the state. Karnataka remains central to its long-term strategy," he said.
Patil added that the government had prior knowledge of the TN proposal.
The government was already informed and aware that the TN investment is a business decision aimed at geographic diversification and de-risking operations, not a shift away from Karnataka.
"Healthy competition between states strengthens India's manufacturing ecosystem," he said.
Emphasising the state's focus on high-technology sectors, Patil said, "We remain committed to deepening Karnataka's leadership in aerospace and advanced manufacturing, and our engagement with industry partners is strong and ongoing."
The Aequs Group has pledged Rs 4,000 crore to bolster Tamil Nadu's aerospace manufacturing capabilities at the SIPCOT-Shoolagiri Industrial Park in Krishnagiri district.
The group proposes to establish a specialised aerospace and defense manufacturing cluster for the production of aircraft engines, gearbox components, and precision engineering parts. This initiative is expected to provide employment to 7,000 individuals.
