Amazon Lays Off 16,000 Employees as AI Competition Heats Up

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Amazon is laying off 16,000 employees in its second major reduction in three months. The company says the cuts will speed decision-making. Beth Galetti, Amazon’s senior vice president of people, explained, “We’ve been working to strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy.” Previously, in late October, Amazon cut 14,000 corporate positions. […]