Amazon cuts 14,000 corporate jobs
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They had an impact on the economic, cultural, and physical landscape here in Seattle... to see that start to unwind, we could see reparations beyond those individuals, sadly.”
The impact is expected to be felt across the Puget Sound region, where nearly one in five of Amazon's corporate employees are based.
Amazon is laying off 2,303 Washington-based employees, with 1,887 in Seattle alone. It's a move projected to deal a multimillion-dollar blow to the city’s tax revenues.
The real estate market is already starting to feel the impact of the massive layoffs at Amazon as some homeowners and buyers begin scrambling to deal with the fallout.
Amazon's layoffs add to the thousands of tech jobs lost this year from industry giants like Microsoft and Meta, which have conducted layoffs as they pump more money into AI infrastructure.
The layoffs, which Reuters reported, are expected as early as Tuesday and would be the largest wave in the company’s history.
Amazon expects to add 3,500 more employees in Bellevue before the year ends. Sources: Apple to occupy South Lake Union building a rival vacated Amazon VP credits her military background Amazon VP credits her military background Google looks renovate ...
Amazon plans to lay off as many as 30,000 corporate employees this week, Reuters first reported on Oct. 27, citing anonymous sources.