Mon Oct 27 19:20:00 UTC 2025: Okay, here’s a summary and a news article based on the provided information:

Summary:

Amazon is reportedly planning to lay off around 30,000 corporate employees, representing about 10% of its professional workforce. This news comes from three sources cited by Reuters. Despite the news, Amazon’s stock price is up slightly before the close of trading.

News Article:

Amazon Reportedly Planning Massive Layoffs Affecting 30,000 Corporate Jobs

SEATTLE, WA – E-commerce and tech giant Amazon (NASDAQ:AMZN) is reportedly preparing to cut approximately 30,000 corporate jobs, according to a Reuters report published Monday. The planned reduction would impact roughly 10% of Amazon’s professional workforce.

Reuters cited three anonymous sources familiar with the matter. Details surrounding the timing of the layoffs and the specific departments affected remain unclear.

Despite the report of widespread job cuts, Amazon’s stock price saw a modest increase, rising 1.1% in trading before the closing bell. Analysts suggest the market reaction may be due to investor confidence in Amazon’s ability to streamline operations and improve profitability.

Amazon has not yet officially commented on the reported layoffs. The potential job cuts come amid broader concerns about a slowing economy and increased scrutiny of big tech companies. The news will likely fuel further debate about the impact of economic headwinds on the technology sector’s workforce.

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