Amazon cuts 16,000 jobs in the latest round of layoffs
AI Summary
Amazon is laying off approximately 16,000 employees in its latest round of job cuts, announced Wednesday by senior vice president Beth Galetti. This follows a previous reduction of 14,000 workers in October. U.S.-based employees will have 90 days to find internal roles, with severance packages offered to those who are unsuccessful or choose not to pursue new positions. These layoffs are the largest since 2023, when Amazon cut 27,000 jobs. The company's workforce had doubled during the COVID-19 pandemic, but has since been reducing staff to align spending with current economic conditions. The broader trend of tech and retail companies cutting jobs reflects factors such as uncertainty caused by shifting tariff policies, inflation, and the potential impact of artificial intelligence.
Key Entities & Roles
Keywords
Sentiment Analysis
Source Transparency
This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
Topic Connections
Explore how the topics in this article connect to other news stories