US EditionAmazon cuts 16,000 jobs globally to undo pandemic-era hiring amid AI push
- On Wednesday, Amazon confirmed it is cutting another 16,000 corporate employees globally, the second phase of a restructuring totaling about 30,000 job cuts since October, announced by Beth Galetti, senior vice president of people experience and technology.
- Company leaders say cuts aim to reduce bureaucracy and speed decision-making, with Andy Jassy, CEO, linking workforce shrinkage to AI-driven efficiency and a cultural reset.
- Amazon is discontinuing its Amazon One biometric palm recognition service and will close all Amazon Go and Amazon Fresh stores, while Galetti said most US employees get 90 days to search internally with severance and health benefits.
- Local leaders warned the Downtown Seattle Association and Jon Scholes said layoffs starting this week, possibly from January 27, could reduce foot traffic near offices in the Seattle region, which employs around 50,000 corporate workers.
- The move mirrors a broader Big Tech trend of cutting jobs while boosting AI investment as Amazon reports its latest quarterly earnings on Feb. 5, with analysts noting AWS may support the stock.
226 Articles
226 Articles
Amazon Stock Jumps in Pre-Market as Company Announces 16,000 Job Cuts
Amazon (NASDAQ:AMZN) stock moved in pre-market trading Wednesday morning after the company announced it will cut 16,000 jobs globally. This marks the company’s second major layoff round in three months, bringing total planned corporate reductions to approximately 30,000 roles. The cuts come as Amazon aggressively expands its artificial intelligence infrastructure while shuttering underperforming retail experiments. ... Amazon Stock Jumps in Pre-…
Amazon technology announced that it will send out 16,000 people, justifying the decision with the need to “reducing layers” and “burocration” in the company.
Amazon cuts 16,000 jobs amid AI shift, post-pandemic restructuring
Amazon is slashing about 16,000 corporate jobs in the second round of mass lay-offs for the e-commerce company in three months. The tech giant has said it plans to use generative artificial intelligence to replace corporate workers. It has also been reducing a workforce that increased during the pandemic. Beth Galetti, a senior vice-president at Amazon, said in a blog post on Wednesday that the company has been “reducing layers, increasing owner…
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