Amazon is cutting 16,000 corporate jobs An internal FAQ viewed by Business Insider includes details for affected employees. This is the second big layoff by Amazon since October.

Amazon said Tuesday (Jan. 28) that it is cutting roughly 16,000 jobs across its global workforce, marking one of the largest headcount reductions in the company's history.

Amazon.com Inc (NASDAQ:AMZN) said on Wednesday it will cut approximately 16,000 jobs across the company, marking the second major round of layoffs in three months. The reductions follow 14,000 cuts in October 2025, primarily at the corporate level.

Once upon a time, Amazon tried to build a physical-store kingdom: cashierless convenience in Amazon Go, grocery at Amazon Fresh, Amazon kiosks in malls for small electronics, Amazon 4-star for I-never-understood-what, fashion at Amazon Style, deals-of-the-day at Amazon Treasure Truck and Amazon Books.

Nasdaq 100 momentum has turned decisively bullish: The index broke above its 7-week range at 25,830 and has started to outperform other major US indices on a week-to-date basis, signalling a catch-up phase for US mega-cap tech. VARS points to emerging tech leaders: Amazon, Cisco Systems, and Meta Platforms show improving volatility-adjusted relative strength versus their benchmarks, suggesting a transition from prior underperformance to potential positive alpha generation over the next 1–3 weeks. Technical structures favour further upside, with clear risk levels: All three stocks have reclaimed key moving averages and seen bullish RSI breakouts, but the bullish case hinges on holding well-defined medium-term support zones that would invalidate the recovery if breached.

Amazon (NASDAQ: AMZN) received a couple of positive price target revisions from major Wall Street companies on Wednesday, January 28.

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Stock futures are higher Wednesday morning as investors await the latest decision from the Federal Reserve on interest rates and earnings reports from several tech giants; the Fed is widely expected to hold rates steady, but investors will be keeping close tabs on Fed Chair Jerome Powell's comments at a press conference this afternoon; Tech heavyweights Meta Platforms, Tesla and Microsoft are each set to report quarterly results after the closing bell, headlining a busy day of earnings; Chinese authorities have reportedly given the green light to a number of companies to order Nvidia's H200 chips; and Amazon is undergoing another round of job cuts with about 16,000 employees expected to be affected by layoffs. Here's what you need to know today.

Amazon said today that it is cutting 16,000 jobs across the company. This reduction comes after the e-commerce company laid off 14,000 people in October.