According to multiple insiders, Amazon is poised to cut up to 15% of its Human Resources (HR) department staff, with the possibility of similar actions in other business units. The PXT (People, Experience, and Technology) department is expected to bear the brunt, though the exact number of layoffs and the precise timeline are yet to be confirmed. Earlier in the year, Amazon implemented minor staff reductions in select departments. When approached for comment, a company spokesperson refrained from providing details. This latest round of layoffs aligns with Amazon's broader strategy of cost-cutting and enhancing operational efficiency, all while making substantial investments in artificial intelligence (AI) products and infrastructure development. The tech giant plans to allocate over USD 100 billion towards expanding its cloud computing and AI data center capabilities. Amazon's CEO, Andy Jassy, who previously oversaw significant workforce reductions, has urged employees to adapt to the AI-driven future and foresees a potential decrease in the overall workforce as AI technologies become more efficient. This round of layoffs deviates from the standard URA (Unified Resource Allocation) process. In a contrasting move, Amazon initiated its holiday hiring spree this Tuesday, aiming to recruit 250,000 seasonal workers. Despite a slight dip in its stock price this year, Amazon's shares still outperform their levels from a year ago. The company is scheduled to announce its latest quarterly financial results by the end of this month.
