India, Oct. 28 -- Amazon plans to lay off tens of thousands of its corporate workers this week, the largest layoffs since the company's largest firing of 27,000 workers at the end of 2022.

According to Reuters, the e-commerce behemoth managed by Andy Jassy plans to lay off up to 30,000 employees, or about 10% of its corporate staff, starting on Tuesday.

The staff reductions are part of a move to "pare expenses and compensate for overhiring during the peak demand of the pandemic," as per Reuters sources. This comes ahead of Amazon's release of its recent quarterly earnings results on Thursday.

Approximately 10% of its 3,50,000 corporate employees in Amazon Web Services (AWS), operations, devices and services, and human resources will be...