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Daily Edition · Page 2

THE DAILY INDEX

Technology, AI, software, security, crypto and business

GENERAL

TLDR

TLDR

AMAZON LAYING OFF ABOUT 16,000 CORPORATE WORKERS IN LATEST ANTI-BUREAUCRACY PUSH

Amazon announced yesterday that it plans to eliminate about 16,000 corporate jobs in its second round of job cuts since last October. The layoffs are part of an ongoing effort to strengthen the organization by reducing layers, increasing ownership, and removing bureaucracy. 14,000 employees were let go across Amazon's corporate workforce during October's layoffs. Amazon has been cutting costs across its businesses so that it can invest more in AI and the rapid build-out of data centers. It recently closed its Fresh and Go grocery chains after years of experimentation.

cnbc.com · 4 min

TLDR IndexPage 2