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Amazon announced a second major round of layoffs at the company in three months.
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Amazon just cut 16,000 employees, adding to 14,000 positions eliminated in October. We explore the driving forces behind these layoffs, and the broader trend in tech that it's a part of.
The headcount reduction is the second phase of a plan to eliminate around 30,000 corporate roles, which was first announced this past fall.
Amazon confirmed 16,000 corporate job cuts on Wednesday, completing a plan for around 30,000 since October, while leaving open the ​possibility of further reductions.