The e-commerce giant might rehire some employees for roles at lower levels and redistribute the headcount to other areas within the organization, CNBC reports.
The reports said Amazon will provide financial support and benefits to the affected workers.
Amazon’s global workforce surged to over 1.6 million by 2021 during the COVID-19 pandemic, up from 798,000 in the fourth quarter of 2019. The company had more than 1.5 million employees at the end of the third quarter.
Recently, the company withdrew its operations in Quebec, Canada, and slashed close to 1,700 full-time jobs.
Amazon initiated a record corporate downsizing in 2022, affecting 27,000 positions, followed by multiple smaller rounds of layoffs. The company also urged its employees to report to the office five days a week.
Microsoft fired 10,000 employees in early 2023, implying 4%-5% of its workforce. In January 2024, Microsoft’s gaming unit slashed 1,900 jobs.
Amazon stock gained 48% in the last 12 months. Investors can gain exposure to Amazon through Fidelity MSCI Consumer Discretionary Index ETF (NYSE:FDIS) and ProShares Online Retail ETF (NYSE:ONLN).
Price Action: AMZN stock is down 0.63% at $235.52 at last check Thursday.
Also Read:
Image via Shutterstock
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
