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Wire photo from the Reuters report on Amazon's new job cuts in its stores division
Photo: Reuters via Investing.com

Amazon to Cut Nearly 1,000 White-Collar Jobs in Stores Unit

Amazon (company press release)2 min read6 sources

Why did Amazon stock fall 2.25%?

Amazon (AMZN) stock fell 2.25% to $254.06 on Thursday after reports of job cuts hitting fewer than 1,000 white-collar workers, mainly in stores, during Prime Big Deal Days.

Key numbers

Jobs cut this round<1,000White-collar, mainly Stores division
Cuts since Oct 2025~30,000Before this round
AMZN close (Oct 8)$254.06-2.25% on the day
Market value$2.74TSingle source
Sales, last 12 months$775.7B+15.8% (per [5])

What happened

Amazon (AMZN) stock fell 2.25% to $254.06 on Thursday after reports of job cuts hitting fewer than 1,000 white-collar workers, mainly in stores, during Prime Big Deal Days. The cuts hit customer service and selling partner services (the teams that help outside merchants who sell on Amazon), with staff in the US, India and the UK affected. An Amazon spokesperson said it adjusted parts of its Stores business so the structure better fits its priorities. It follows about 30,000 corporate job cuts since October last year, and the two-day sale ran October 6 and 7.

Why it matters

Amazon is still trimming office jobs even though its sales keep growing, showing that big employers keep reshaping teams after the pandemic hiring surge. This round is small next to the roughly 30,000 jobs cut since October 2025. Sales over the past 12 months were about $776B, up 15.8% (per). For customer service and seller support staff, it signals that job risk has not gone away.

Who this affects

Marketneutral
Low impact
Amazon shares fell 2.25% Thursday; effect on wider market minor.
Companymixed
Low impact
Hundreds of Amazon office staff lose jobs; costs likely trimmed.
Competitorsneutral
Low impact
No direct effect reported for rivals such as Walmart.
Industrybearish
Low impact
Retail and tech office workers face continued job pressure.

Amazon vs Walmart, Target, Alibaba

AmazonAMZN$2.74T-2.25%27.0x+15.8%
WalmartWMT$877B+2.22%36.9x+6.2%
TargetTGT$70.3B+2.54%16.7x+2.0%
AlibabaBABA$262.7B-1.21%13.3x+4.4%

As of 2026-10-08

How we got here

  1. Amazon announces first round of about 14,000 corporate job cuts.

  2. Amazon cuts 16,000 more roles, bringing total to about 30,000.

  3. Prime Big Deal Days begins, running October 6 and 7.

  4. Reuters reports fewer than 1,000 mainly Stores division jobs cut in US, India, UK.

  5. AMZN closes at $254.06, down 2.25%.

What to watch

  • Whether Amazon confirms an exact headcount or announces further Stores cutsQ4 2026
  • Amazon's next quarterly results for updates on costs and headcountQ4 2026

Educational content only. Not investment advice.

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