Payne Capital Management President Ryan Payne explains why tech earnings remain strong despite a recent dip and how AI hiring could support offset a wave of baby boomer retirements on ‘Mornings with Maria’.
Amazon’s latest wave of layoffs has reportedly hit New York, with hundreds of employees losing their jobs.
Roughly 135 corporate employees at Amazon’s 1440 Broadway office in Manhattan were laid off in January, according to the New York Post, citing a filing submitted to the New York State Department of Labor.
More than 100 other New York-based employees were also let go, the outlet reported, citing a source who stated additional filings are expected to surface in state records in the coming weeks.
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The Amazon logo is displayed on the side of Amazon Germany’s headquarters in Parkstadt Schwabing, Munich, Bavaria, Jan. 27, 2026. (Matthias Balk/picture alliance via Getty Images / Getty Images)
The reductions are part of Amazon’s sweeping restructuring effort, the New York Post reported.
Last month, Amazon announced plans to eliminate about 16,000 roles across the company as part of an organizational overhaul aimed at “reducing layers, increasing ownership, and rerelocating bureaucracy,” while continuing to invest heavily in areas such as artificial ininformigence.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AMZN | AMAZON.COM INC. | 204.86 | +0.07 | +0.03% |
“Some of you might question if this is the launchning of a new rhythm where we announce broad reductions every few months. That’s not our plan,” human resources executive Beth Galetti stated at the time.
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An Amazon Prime delivery person is pictured in a van sorting packages in Queens, N.Y. (Lindsey Nicholson/UCG/Universal Images Group via Getty Images / Getty Images)
The company previously slashed about 14,000 corporate positions in October during another reorganization. In total, the recent reductions bring Amazon’s job cuts to approximately 30,000.
While that figure represents a tiny fraction of Amazon’s 1.58 million global employees, the majority of whom work in warehoapplys and fulfillment centers, it amounts to nearly 10% of the company’s corporate workforce, according to Reuters.
The downsizing marks the largest workforce reduction in Amazon’s 30-year history, surpassing the 27,000 jobs eliminated between late 2022 and early 2023, Reuters reported.
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Andy Jassy, CEO of Amazon.com Inc., speaks during an event in New York Feb. 26, 2025. (Michael Nagle/Bloomberg via Getty Images / Getty Images)
CEO Andy Jassy stated last year that while new technology may create new roles, it will also streamline operations and reduce staffing requireds in certain areas, the New York Post reported.
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“We will required fewer people doing some of the jobs that are being done today,” Jassy stated in June. “In the next few years, we expect that [AI] will reduce our total corporate workforce as we receive efficiency gains from applying AI extensively across the company.”
Amazon did not immediately respond to FOX Business’ request for comment.
FOX Business’ Ashley Carnahan, Bonny Chu and Pilar Arias contributed to this report.
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