""What we need to remember is that the world is changing quickly. This generation of AI is the most transformative technology we've seen since the Internet, and it's enabling companies to innovate much faster than ever before (in existing market segments and altogether new ones)," Amazon senior vice president Beth Galetti wrote in a blog post. "We're convicted that we need to be organized more leanly, with fewer layers and more ownership, to move as quickly as possible for our customers and business.""
"Yes, but: The cuts, while significant, are much smaller than first expected. Some reports Monday suggested the figure could be as high as 30,000 positions. They come alongside reported significant corporate layoffs this week in retail (Target) and media (Paramount Skydance). Of note: Amazon - a company with a history of being heavily focused on efficiency - mentioned a desire to remove "layers" four times and to increase "ownership" five times, in the 500-word post."
Amazon plans targeted job cuts to streamline operations and remove bureaucratic layers while increasing employee ownership to move faster for customers and business. The company will still hire in some areas in 2026 while cutting roles in others, and reported reductions are significant but smaller than some earlier estimates. The company emphasized AI as the most transformative technology since the internet and a driver of faster innovation, prompting executives to rethink hiring as a last resort. Investors treated the news calmly, with modest premarket stock gains, while layoffs coincided with moves at other large retailers and media firms.
Read at Axios
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