Summary
Amazon announced it will cut 14,000 corporate jobs to reduce bureaucracy and adapt to an era increasingly influenced by artificial intelligence (AI). The company aims to be more efficient and continue innovating as AI technology evolves.
Key Facts
- Amazon plans to cut 14,000 corporate jobs.
- The decision is part of an effort to reduce bureaucracy.
- The company wants to be more flexible in response to new AI advancements.
- Amazon's senior VP mentioned that AI is causing major changes, like the Internet did in the past.
- The company aims to streamline its structure with fewer management layers.
- Amazon will continue hiring in some areas by 2026, even as it makes cuts elsewhere.
