Summary
Amazon is laying off approximately 14,000 corporate workers, which is about 4% of its workforce. The company is doing this to focus on artificial intelligence (AI) and respond to pressure from investors to improve finances.
Key Facts
- Amazon announced it will cut around 14,000 corporate jobs.
- The layoffs amount to about 4% of Amazon's total workforce.
- The company aims to reduce bureaucracy and focus on AI development.
- Investors have pressured Amazon to tighten its financial performance.
- Amazon expanded its workforce significantly during the pandemic.
- Amazon reported slower AI business growth compared to competitors like Microsoft.
- Amazon's AWS service recently experienced a major outage affecting many websites and apps.
- Other companies like Starbucks and Target have also recently announced layoffs.
