AMAZON UPHEAVAL: WITH MORALE SHAKEN, JASSY LOOKS FOR NEXT BIG PLAY AFTER MASS LAYOFFS

Summary from the TLDR newsletter

Andy Jassy recently laid out a vision for how he wants Amazon to operate like the world's largest startup. The company has been working hard to flatten its organization, getting rid of bureaucracy in order to move faster and stay competitive. Amazon announced last week it would lay off about 14,000 corporate employees and said more cuts are expected soon. The next big wave of cuts is expected to start in January. Jassy has been searching for Amazon's next opportunity - the company has made big bets on satellite internet, health care, grocery, entertainment, and self-driving vehicles.