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Amazon's layoff plans were also reported by CNBC and the New York Times, citing sources familiar with the matter. The reports did not say where in the world job cuts will be made. The number of potential layoffs would be around 10% of the company's corporate headcount, but still a small fraction of Amazon's total workforce, which has more than 1.5 million employees across its warehouses and offices worldwide. The company has around 350,000 corporate workers, which include those in executive, managerial and sales roles, according to figures that Amazon submitted to the US government last year. Like many technology firms, Amazon hired aggressively during the Covid-19 pandemic to meet the surge in demand for online deliveries and digital services. Amazon boss Mr Jassy has since focused on reducing spending as the company invests heavily in artificial intelligence (AI) tools to boost efficiency. Mr Jassy said in June that the increase in AI tools will likely lead to job cuts as machines take over routine tasks. "We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs," he said then.
