Amazon's Bold AI Bet: 14,000 Job Cuts to Streamline Future

Amazon is cutting around 14,000 corporate jobs to bolster its investment in artificial intelligence. This strategic move aims to reduce bureaucracy and better allocate resources to address key customer needs. Teams affected by the layoffs will receive notifications soon.

Amazon has announced a significant reduction of about 14,000 corporate positions as part of its strategy to enhance spending on artificial intelligence initiatives.

The decision marks a continued effort by Amazon to streamline operations by reducing bureaucratic layers and reallocating resources towards major investment areas that matter most to current and future customers, according to Senior Vice President Beth Galetti.

CEO Andy Jassy's prior memo highlighted the importance of this shift. Employees affected by the job cuts will be informed on Tuesday.

(With inputs from agencies.)