Amazon is planning to lay off up to 30,000 corporate employees to reduce costs and adjust its workforce after pandemic-driven hiring. This move represents nearly 10% of its 350,000 corporate staff, marking its largest reduction since late 2022.

The job cuts come amid a shaky U.S. job market, particularly impacting younger tech professionals. Concerns over generative AI displacing human workers are growing, with companies increasingly turning to automation for cost-cutting. This trend is fueling anxiety about the future of traditional employment.

Read more at Nasdaq: Amazon To Slash 30,000 Corporate Jobs : Report