The biggest corporate layoff in Amazon’s history will reportedly eliminate 30,000 jobs across multiple divisions as part of a major restructuring effort.

Amazon is set to lay off tens of thousands of its corporate employees this week, marking the company’s biggest staffing reduction since roughly 27,000 staffers were eliminated at the end of 2022. As first reported by Reuters,

Shares of Amazon closed up 1.2% on Monday amid reports from The Wall Street Journal and Reuters that the company plans to cut up to 30,000 corporate jobs, starting on Tuesday. The cuts are meant to offset pandemic-era over-hiring,

Amazon plans to lay off as many as 30,000 corporate employees, beginning tomorrow, reports say. The cuts would total nearly 10% of the company’s corporate jobs, as advances in artificial intelligence stoke fears about the white-collar workforce and the US labor market shows signs of weakening.

Tuesday, according to reports, a move that comes as the online retailer tries to trim costs amid a massive artificial-intelligence push and broader shifts in its overall workforce. Reuters reported on Monday that the cuts would be the biggest at the online-retail and cloud-services giant,

Amazon is planning to cut as many as 30,000 corporate jobs beginning Tuesday, as the company works to pare expenses and compensate for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.

Amazon is preparing massive layoffs potentially affecting tens of thousands of employees, multiple outlets reported Monday. Why it matters: The labor market has been stuck in a nervous equilibrium, where employers weren't hiring but weren't firing either.

Amazon could be implementing the largest job reduction at the company since 2023. As reported by Reuters on Monday, people familiar with the matter said that up to 30,000 corporate positions may be eliminated starting Tuesday.