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Amazon announced it is laying off approximately 14,000 corporate employees.

The company cited a need to be more lean and reduce bureaucracy as reasons for the layoffs.

In a wave of recent layoffs from Paramount Skydance , UPS and Target , Amazon adds its name to the list.

In a letter to employees signed by Beth Galetti, Amazon's senior vice president of people experience and technology, it states the tech giant is targeting "an overall reduction in our corporate workforce of approximately 14,000 roles."

Most employees will be offered 90 days to explore new opportunities within the company. Others who don't remain with Amazon will be offered severance pay and other transition benefits, the memo said.

Amazon currently employs approximately 1.55 million people

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