Amazon's Massive Layoffs in NYC Hit 660 Employees, With Focus on Corporate Jobs Cuts
In a move aimed at streamlining its operations, Amazon has cut nearly 700 corporate jobs in New York City, the state's labor department confirmed Monday. The layoffs, which affected nine office locations, represent about 9% of Amazon's global office-based workforce.
According to state records, two offices bore the brunt of the local cuts: those on Fifth Avenue and Hudson Yards. At the 450 W. 33rd St. office near Hudson Yards, 233 corporate employees lost their jobs, while the 424 Fifth Ave. office, which was purchased by Amazon in 2020 for $1 billion, saw 182 terminations.
Industry analysts say the cuts are largely focused on tech positions, with Wedbush Securities analyst Dan Ives describing them as "tech layoffs." The scale of these cuts remains puzzling given the ongoing battle for talent and the AI revolution transforming industries.
Amazon declined to provide further details about the layoffs but stated that warehouse and delivery workers were not affected. This move is part of a larger restructuring effort, with the company aiming to slash 30,000 corporate jobs globally – about 9% of its office-based workforce.
The latest round of cuts brings Amazon's total job losses since CEO Andy Jassy took over in 2021 to tens of thousands. While some may question why Amazon is reducing roles despite performing well, Galetti, senior VP of people experience, has argued that the company needs to "remove layers" and shift resources to invest in its biggest bets.
The layoffs are expected to continue into January, after the holiday shopping season, according to a New York Times report. None of the affected offices are expected to close, with Amazon instead focusing on restructuring and efficiency gains.
In a move aimed at streamlining its operations, Amazon has cut nearly 700 corporate jobs in New York City, the state's labor department confirmed Monday. The layoffs, which affected nine office locations, represent about 9% of Amazon's global office-based workforce.
According to state records, two offices bore the brunt of the local cuts: those on Fifth Avenue and Hudson Yards. At the 450 W. 33rd St. office near Hudson Yards, 233 corporate employees lost their jobs, while the 424 Fifth Ave. office, which was purchased by Amazon in 2020 for $1 billion, saw 182 terminations.
Industry analysts say the cuts are largely focused on tech positions, with Wedbush Securities analyst Dan Ives describing them as "tech layoffs." The scale of these cuts remains puzzling given the ongoing battle for talent and the AI revolution transforming industries.
Amazon declined to provide further details about the layoffs but stated that warehouse and delivery workers were not affected. This move is part of a larger restructuring effort, with the company aiming to slash 30,000 corporate jobs globally – about 9% of its office-based workforce.
The latest round of cuts brings Amazon's total job losses since CEO Andy Jassy took over in 2021 to tens of thousands. While some may question why Amazon is reducing roles despite performing well, Galetti, senior VP of people experience, has argued that the company needs to "remove layers" and shift resources to invest in its biggest bets.
The layoffs are expected to continue into January, after the holiday shopping season, according to a New York Times report. None of the affected offices are expected to close, with Amazon instead focusing on restructuring and efficiency gains.
It's crazy how Amazon is cutting jobs just as they're trying to revolutionize AI and compete in this ever-changing tech landscape. They should be investing more in their employees, not letting go of talented people who can help drive innovation. The fact that it's mainly corporate jobs being cut off is pretty surprising too... I mean, warehouse and delivery workers are still okay 
. It feels like Amazon needs to streamline its operations, but at what cost? 
but thinkin bout this from amazon's perspective, they're not tryna replace those 700 employees, its more about gettin to the core of what makes them tick 
...removin layers & shifting resources to invest in the big stuff is like cleanin the pond before you fish 
- gotta get rid of all the unnecessary clutter 2 focus on whats really gonna make a difference 
considering how much money they're making rn, but i think it's actually pretty logical 
if you look at it from a business perspective... like they've been saying for ages that they need to "remove layers" and get more efficient. sounds like they're just trying to cut out all the unnecessary middle management and stuff 
, but i guess it's better than having a bunch of redundant roles doing basically nothing 
. and yeah, warehouse and delivery workers were explicitly exempt from the cuts which makes sense since that's where the actual work gets done 
, so it's not entirely surprising that they're cutting back on tech jobs 
... but still, 9% of their global workforce? that's a pretty big chunk 
meanwhile their warehouse workers arent even getting a raise...its all about corporate cutz right? 
gotta feel for them though 
But what's really puzzling is why they're cutting so many corporate jobs, especially in tech positions 
Amazon says they're focusing on warehouse and delivery workers, which makes sense I guess 
! Just gotta stay positive and keep putting out that "I'm looking for a new gig" message 
660 people lose their jobs at amazon in nyc? that's crazy talk!! i mean idk what's goin on but if its true that theyre cuttin tech positions then it just shows how fast the game is changin with ai and all that 
anyway lets all be wishful thinkers and hope the ones who lost their jobs get snatched up by amazon in january 
it makes me wonder what's really going on beneath the surface of all this corporate restructuring... are they just trying to optimize profits or is there something more going on? and what does it say about our society when a company like Amazon can basically decide who gets to keep their job based on "removing layers"?