{"id":19717,"date":"2026-11-04T04:33:40","date_gmt":"2026-11-04T04:33:40","guid":{"rendered":"https:\/\/stock999.top\/?p=19717"},"modified":"2026-11-04T04:33:40","modified_gmt":"2026-11-04T04:33:40","slug":"amazon-cuts-more-jobs-as-ceo-touts-record-margins-retail-gains","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=19717","title":{"rendered":"Amazon cuts more jobs as CEO touts record margins, retail gains"},"content":{"rendered":"<p><img src=\"https:\/\/www.thestreet.com\/.image\/NDA6MDAwMDAwMDAzMjMwOTAx\/andy-jassy.jpg?profile=rss\" \/><\/p>\n<p>Amazon has spent the past year reshaping its workforce, eliminating thousands of corporate positions while investing billions in artificial intelligence, robotics, and new consumer technology.<\/p>\n<p>The company has repeatedly said the restructuring is intended to reduce management layers, improve efficiency, and allow teams to move faster.<\/p>\n<p>But even after announcing approximately 30,000 corporate job cuts between October 2025 and January 2026, the reductions have continued.<\/p>\n<p>Amazon carried out two additional rounds of layoffs in October, affecting its retail and devices businesses, just as the company reported record operating margins.<\/p>\n<p>Amazon announces two more rounds of layoffs in October<\/p>\n<p>On Oct. 7, Amazon eliminated hundreds of positions, primarily within its Stores division, which oversees its main e-commerce website.<\/p>\n<p>According to Reuters, fewer than 1,000 white-collar employees were affected across teams, including customer service and selling partner services. Workers in the United States, India, and the United Kingdom were among those impacted.<\/p>\n<p>More Layoffs:<\/p>\n<p>Disney cuts 300 jobs and major overhaul puts hundreds more at risk<\/p>\n<p>Microsoft cuts hundreds more jobs as restructuring deepens<\/p>\n<p>Oracle layoffs top 2,500 workers as AI spending surges<\/p>\n<p>The layoffs coincided with Amazon&#x2019;s Prime Big Deal Days shopping event.<\/p>\n<p>An Amazon spokesperson said the company had adjusted parts of its Stores business to better support its priorities.<\/p>\n<p>Then, on Oct. 28, Amazon eliminated up to 250 additional positions in its devices and services division, primarily affecting software development roles, Reuters reported. The division develops products including Kindle e-readers and Alexa-enabled devices.<\/p>\n<p>The cuts followed several product launches, including new Kindle devices and an Alexa-powered alarm clock and photo frame. Amazon said the reductions would help it operate more efficiently and align staffing with its product plans.<\/p>\n<p>Separate WARN notices filed in August also identified 269 Amazon positions in California and Washington with layoffs scheduled for October. It remains unclear whether those notices overlap with the two newly announced rounds.<\/p>\n<p>A new WARN notice filed in Washington on Nov. 2 identified another 95 affected positions across Seattle, Bellevue, Sumner, Pasco and Redmond. The positions include software engineers, product managers, and operations employees, with separations scheduled between Dec. 7, 2026, and Jan. 25, 2027. <\/p>\n<p>Some workers were notified on Oct. 7, coinciding with the retail layoffs reported by Reuters, although Amazon has not confirmed whether the reductions overlap.<\/p>\n<p>Amazon layoffs continue, with two new rounds announced in October.<\/p>\n<p>hapabapa \/ Getty Images<\/p>\n<p>Amazon layoffs continue after 30,000 corporate job cuts<\/p>\n<p>The latest reductions follow two significantly larger restructuring announcements this year. As TheStreet previously reported, Amazon announced plans in January to eliminate approximately 16,000 corporate positions, following 14,000 cuts announced in October 2025.<\/p>\n<p>The impact was particularly significant in Washington, where a subsequent WARN notice identified 2,198 affected jobs, primarily in Seattle and Bellevue. At the time, Amazon senior vice president Beth Galetti said the company was reducing bureaucracy, eliminating management layers, and increasing employee ownership.<\/p>\n<p>Addressing whether broad workforce reductions would become a recurring pattern, Galetti wrote in a January employee memo, &#x201C;That&#x2019;s not our plan.&#x201D; However, she added that individual teams would continue reviewing staffing needs.<\/p>\n<p>The latest layoffs come as Amazon reports stronger financial performance.<\/p>\n<p>According to its third-quarter earnings release, sales increased 12% to $201.9 billion, while operating income climbed 61% to $28.1 billion. CFO Brian Olsavsky described the company&#x2019;s 13.9% operating margin as &#x201C;our highest operating margin ever.&#x201D;<\/p>\n<p>During the Oct. 29 earnings call, CEO Andy Jassy also praised the performance of Amazon&#x2019;s retail business.<\/p>\n<p>&#x201C;In stores, I think some folks are sleeping a bit on how much progress that business has made,&#x201D; Jassy said.<\/p>\n<p>&#x201C;I&#x2019;m not aware of another retail business approaching Amazon&#x2019;s revenue size, hundreds of billions of dollars, with double-digit operating margins inclusive of ads that&#x2019;s growing at this pace,&#x201D; Jassy further added.<\/p>\n<p>He pointed to more than $90 billion in additional gross retail sales over the previous 12 months and continued improvements in profitability. <\/p>\n<p>And yet, despite these corporate reductions, Amazon&#x2019;s overall workforce grew 4% year over year to approximately 1.638 million employees at the end of September 2026.<\/p>\n<p>Big Tech layoffs continue across the industry<\/p>\n<p>Amazon is not alone in reducing its workforce.<\/p>\n<p>According to TheStreet&#x2019;s September reporting, Microsoft disclosed another 277 job cuts in Washington as part of a broader restructuring, while Oracle cut approximately 800 additional positions in September based on WARN filings across Washington and California.<\/p>\n<p>The reductions come amid broader pressure on technology employment.<\/p>\n<p>According to Challenger, Gray &amp; Christmas, technology companies announced 165,925 job cuts through September, up 54% from the same period last year. Meanwhile, Bureau of Labor Statistics data showed employment in the broader information sector declined by 18,000 in August and another 10,000 in September.&#xA0;<\/p>\n<p>This category includes telecommunications and media businesses, as well as certain technology companies.<\/p>\n<p>Amazon CEO discusses growing role of robotics<\/p>\n<p>During the October earnings call, Jassy also outlined Amazon&#x2019;s expanding use of automation. He said the company now operates more than 1 million robots across its fulfillment network and expects their role to grow significantly.<\/p>\n<p>Jassy predicted that many repetitive warehouse tasks currently performed by employees &#x201C;will be done by robots,&#x201D; although he emphasized that fulfillment centers would continue employing substantial numbers of people.<\/p>\n<p>Amazon expects approximately $220 billion in capital expenditures this year, with most of that spending directed toward Amazon Web Services. However, the company has not directly attributed the October corporate layoffs to AI or robotics.<\/p>\n<p>The cuts also come with Amazon&#x2019;s plans to hire more than 300,000 seasonal, part-time, and full-time workers across its U.S. operations for the holiday season. Those positions primarily support fulfillment, transportation, and delivery operations, rather than the corporate divisions affected by the October layoffs.<\/p>\n<p>More Investing, Markets, and Tech NewsOnsemi delays auto restocking as AI sales jump 175%5 tech stock stalwarts have tumbled over 50%Tom Lee says AI investors may be selling at the wrong timePalantir&#x2019;s CEO just called the old-school software sales model &#x2018;dead&#x2019;#Amazon #cuts #jobs #CEO #touts #record #margins #retail #gains<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon has spent the past year reshaping its workforce, eliminating thousands of corporate positions while&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[259],"tags":[291,585,842,567,310,4498,847,2569,5020],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/19717"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19717"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/19717\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}