Amazon is set to lay off tens of thousands of its corporate employees this week.

As first reported by Reuters, the Andy Jassy-led ecommerce giant will cut as many as 30,000 workers — nearly 10% of its corporate workforce — beginning as early as Tuesday. The layoffs come just before Amazon reports its latest quarterly earnings results on Thursday and are, according to Reuters’ sources, part of efforts to “pare expenses and compensate for overhiring during the peak demand of the pandemic.”

While Amazon’s total workforce amounts to 1.55 million employees, the corporate count is approximately 350,000.

Representatives for Amazon did not immediately respond to Variety‘s request for comment Monday.

More to come…