Key Metrics
26.0
Heat Index- 
                            Impact LevelMedium
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                            Scope LevelNational
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                            Last Update2025-11-03
 
Key Impacts
Positive Impacts (2)
Negative Impacts (5)
Event Overview
This event highlights a significant shift in the job market, driven by economic pressures and technological advancements. The move signals a departure from traditional employment stability, reflecting broader trends in the tech industry.
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Amazon Plans to Cut Up to 30,000 Corporate Jobs
Amazon is reportedly planning to cut up to 30,000 corporate jobs, with an initial 14,000 layoffs. This move is part of a broader shift towards AI and in response to weak market sentiment. The layoffs, along with similar actions by other global firms, signal a significant change in the job market, moving away from the 'no hire, no fire' approach.
amzn stock
amzn stock The nation’s largest employers are putting their workers on notice Exclusive: Amazon targets as many as 30,000 corporate job cuts, sources say CEO Andy Jassy says Amazon’s 14,000 layoffs weren’t about cutting costs or AI taking jobs: 'It's culture'