US EditionAmazon says it didn’t cut 14,000 people because of money. It cut them because of ‘culture’
Amazon CEO Andy Jassy said the 14,000 job cuts focus on cultural fit and reducing bureaucracy to speed decision-making, not financial reasons or AI, amid $1.8 billion severance costs.
- This week, Amazon cut 14,000 employees, and CEO Andy Jassy said the layoffs were culture-driven, not financially or AI-driven, during Thursday's earnings call.
- In recent years, Amazon added headcount and layers that slowed decision-making and weakened frontline ownership, with Beth Galetti writing it must organize leaner and foster more ownership.
- Amazon posted $180.2 billion in sales for the quarter, up 13% year-on-year, and last quarter's layoffs carried $1.8 billion in severance costs.
- The cuts stoked fears that automation could replace roles, and last week The New York Times reported automation efforts might avoid hiring more than 160,000 U.S. workers.
- Jassy frames the cuts as part of a broader push to reshape culture and remove layers; this year he says Amazon must operate leaner like the world's largest startup, while other Big Tech trim managers.
19 Articles
19 Articles
Amazon layoffs: Andy Jassy says cutting 14,000 jobs is about "culture," not AI or finances
It was reported earlier this week that Amazon was to lay off up to 30,000 corporate staff. According to Reuters and The Wall Street Journal, the decision was designed to counter the massive overhiring spree Amazon undertook during the pandemic years.Read Entire Article
The global layoffs announced this week by Amazon were not necessarily driven by financial factors or artificial intelligence (AI), according to the company's executive director (CEO), Andy Jassy.The executive referred to the cut of 14,000 employees during Amazon's call for financial results on Thursday, October 30, after they made the announcement on Tuesday, October 28.In Costa Rica, the multinational provides employment to almost 15,000 people…
Amazon says it didn’t cut 14,000 people because of money. It cut them because of ‘culture’ | News Channel 3-12
By Clare Duffy, CNN New York (CNN) — Amazon chief executive Andy Jassy’s explanation for why the company is cutting 14,000 employees? Not money. Not even AI, but “culture.” The layoff announcement this week was “not really financially driven, and it’s not even really AI driven, not right now. It’s culture,” Jassy said in response to an analyst question on the company’s earnings call Thursday. Amazon’s quarterly sales grew 13% year-on-year to $1…
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