Amazon is cutting 14,000 corporate jobs to be leaner in the age of AI
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Amazon is cutting 14,000 corporate jobs to be leaner in the age of AI
"Amazon announced Tuesday that it plans to cut 14,000corporate jobs, marking one of the biggest rounds of layoffs in the company's history. Amazon's senior vice president of people experience and technology, Beth Galetti, announced the cuts in a blog post and said the reductions are a continuation of CEO Andy Jassy's drive to operate the company "like the world's largest startup." Galetti said that despite the company performing well, it is cutting jobs as a result of AI rapidly changing the world."
""This generation of AI is the most transformative technology we've seen since the Internet, and it's enabling companies to innovate much faster than ever before (in existing market segments and altogether new ones)," Galetti wrote. She added that Amazon needs to be leaner and have fewer layers of management in order to move faster, noting that it is reorganizing resources to invest in its biggest bets while continuing to hire in other areas."
Amazon plans to eliminate 14,000 corporate positions as part of a push to become leaner and move faster amid rapid AI-driven change. Beth Galetti said the reductions align with CEO Andy Jassy's ambition to operate the company like a large startup and follow prior steps to cut management layers and tighten costs. The cuts amount to about 4% of roughly 350,000 corporate employees within a global workforce of 1.55 million. The company will reorganize resources to invest in its biggest bets while still hiring in other areas as AI enables faster innovation.
Read at Business Insider
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