Amazon to cut thousands of jobs
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Amazon cuts 14,000 more jobs next week totaling 30,000 layoffs. CEO blames bureaucracy. Analysts project 26% upside despite workforce reduction.
NEW YORK — Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere. In June CEO Andy Jassy, who has aggressively sought to cut costs since becoming CEO in 2021 ...