"Beth Galetti, a senior vice president at Amazon, wrote in a note to staff that the move would make the company "even stronger" by shifting resources "to ensure we're investing in our biggest bets and what matters most to our customers' current and future needs". She acknowledged that some would question the move given the company was performing well. At the end of July, Amazon reported second quarter results which beat Wall Street expectations on several counts, including a 13% year over year increase in sales to $167.7bn (125bn)."
"Ms Galetti said the cuts were needed because AI was "the most transformative technology we've seen since the Internet" and was "enabling companies to innovate much faster than ever before." "We're convicted that we need to be organised more leanly, with fewer layers and more ownership, to move as quickly as possible for our customers and business," she added."
"The note, shared with Amazon employees earlier on Tuesday, said the company was "working hard to support everyone whose role is impacted" - including by helping those affected find new roles within Amazon. Those who cannot will receive "transition support" including severance pay, it said."
Amazon will reduce its global corporate workforce by approximately 14,000 roles to become more lean and shift resources toward AI and strategic priorities. Senior vice president Beth Galetti said the cuts aim to ensure investment in the company’s biggest bets and customer needs, and argued AI is the most transformative technology since the Internet, enabling faster innovation. The company reported strong second-quarter results, with sales rising 13% year-over-year to $167.7bn, yet cited the need for fewer layers and more ownership to move quickly. Amazon will help impacted employees seek other internal roles and provide transition support and severance. Amazon employs over 1.5 million people globally, including about 350,000 corporate workers.
Read at www.bbc.com
Unable to calculate read time
Collection
[
|
...
]