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Amazon cutting another 16,000 jobs

Amazon cutting another 16,000 jobs

Summary

Amazon plans to cut 16,000 more jobs, adding to the 14,000 already cut recently. The company is focusing on improving efficiency by reducing staff in certain areas while continuing to hire for other important roles.

Key Facts

  • Amazon announced it will cut 16,000 more jobs.
  • This follows a previous reduction of 14,000 jobs three months ago.
  • The cuts are part of efforts to become more efficient by using fewer employees.
  • Amazon's recent layoffs affect teams that weren't reorganized in the October cuts.
  • The company mentions using artificial intelligence (AI) and addressing post-pandemic over-hiring as reasons for the cuts.
  • Amazon plans to keep hiring and investing in important areas for its future growth.

Source Information