Amazon Plans Major Layoffs in Latest Cost-Cutting Move
WSJ Minute Briefing
The Wall Street Journal
4.1 • 671 Ratings
🗓️ 28 October 2025
⏱️ 3 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | AI is moving faster than ever, transforming industries and redefining possibilities. |
| 0:06.0 | That's why the world's most advanced companies build on ARM, scalable, efficient, and trusted by billions. |
| 0:13.0 | From the largest cloud to the smallest device, Arm delivers the compute performance AI depends on. |
| 0:19.0 | AI innovation is built on ARM. |
| 0:22.2 | Find out more at arm.com forward slash discover. |
| 0:32.8 | Here's your morning brief for Tuesday, October 28th. |
| 0:36.3 | I'm Caitlin McCabe for the Wall Street Journal. |
| 0:39.2 | Amazon plans to lay off as many as 30,000 employees, according to people familiar with the matter, |
| 0:44.8 | or roughly 10% of its corporate workforce. The cuts could begin as soon as today, but won't all happen |
| 0:51.9 | this week. Human resources, cloud computing, advertising, and a number of |
| 0:57.0 | other business units are expected to be affected. The total number of reductions hasn't been finalized. |
| 1:04.0 | A Republican-led panel has recommended that the Justice Department investigate all of former |
| 1:08.9 | President Joe Biden's executive actions, particularly |
| 1:12.0 | his clemency decisions, and determine whether he authorized them. The GOP-led House Oversight |
| 1:18.0 | Committee accused Biden staffers in a report yesterday of making executive decisions in his place |
| 1:23.8 | toward the end of his presidency. A Biden spokesperson said the claims of the investigation |
| 1:29.3 | were baseless, that former President Biden made the decisions of his presidency and that there was |
| 1:34.4 | no conspiracy, cover-up, or wrongdoing. Legal scholars say there is no mechanism to undo clemency |
| 1:41.0 | after it is granted. And Europe seems to be warming to Chinese auto giant |
| 1:46.5 | BYD with a company logging a nearly five-fold surge in sales in the region last month. That's according to |
| 1:53.3 | the European Automobile Manufacturers Association, which also said that registrations for Elon Musk's |
| 1:59.3 | Tesla felt 10.5% in Europe, adding to a streak of |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

