Latest Updates Around The World
Amazon said today it is cutting 16,000 jobs across the company. This reduction comes after the e-commerce company laid off 14,000 people in October. In a letter to employees, Beth Galetti, Senior VP of People Experience and Technology, said these layoffs occurred to “reduce layers, increase ownership and eliminate bureaucracy.” She noted that the reason […]
Key Takeaways Amazon is cutting 14,000 positions from its global workforce of 350,000 employees, the company announced Tuesday. The layoffs are part of an effort to cut bureaucracy and reallocate resources to fast-growing areas, particularly in AI. Amazon is the fifth most valuable company in the world, with a market capitalization of $2.4 trillion. Amazon […]
Amazon CEO Andy Jassy wants to reduce the bureaucracy by cutting managers, with a job loss in the book department. | Photocredit: Reuters Amazon broke jobs in his book department, including on the Goodreads Review and Kindle units, the company said Thursday. The retailer, based in Seattle, said that fewer than 100 employees were being […]
