The biggest corporate layoff in Amazon’s history will reportedly eliminate 30,000 jobs across multiple divisions as part of a major restructuring effort.

The company is looking to cut costs starting this week as it continues to spend aggressively on artificial intelligence. Another round of cuts is expected in January.

CEO Andy Jassy had signaled that Amazon’s workforce would likely get smaller as the company increases its use of artificial intelligence to complete tasks normally handled by people.

“While Anthropic, the company behind the Claude AI chatbot, reiterated its commitment to Amazon, we see this move with Google speaking to the capacity-constrained AI and data center market, as well as prudently diversifying its exposure,” veteran fund manager Chris Versace wrote for TheStreet Pro.

Amazon has opened its first fulfillment center in East Texas, just in time for the upcoming busy holiday delivery season. The building sits on 30-acres of land and has a 140,000-square feet floor plan.