Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm. <\/p>\n
\u2018The reductions we are making today will impact approximately 16,000 roles across Amazon, and we\u2019re again working hard to support everyone whose role is impacted,\u2019 Beth Galetti, Amazon\u2019s senior vice president of people experience and technology, said in a memo to employees.<\/p>\n
\u2018That starts with offering most US-based employees 90 days to look for a new role internally,\u2019 she said. Amazon will \u2018continue hiring and investing in strategic areas and functions that are critical to our future.\u2019<\/p>\n
Galetti said the cuts would \u2018strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy.\u2019<\/p>\n
In October, Amazon cut 14,000 jobs primarily at the corporate level. At the time, Galetti cited artificial intelligence as being the \u201cmost transformative technology we\u2019ve seen since the internet.\u201d<\/p>\n
Amazon has 1.55 million employees worldwide, the company said in a filing last year.<\/p>\n
It said Tuesday that it would close some of its Amazon Go and Amazon Fresh physical stores, planning to convert some into Whole Foods Market stores.<\/p>\n
While AI was not explicitly cited in Wednesday\u2019s note to Amazon workers, the cuts come as workers nationwide brace for the impact of artificial intelligence in a sluggish labor market.<\/p>\n
Companies have started citing \u2018efficiency\u2019 as they pursue the implementation of AI. <\/p>\n
On Monday, Goldman Sachs CEO David Solomon said that his firm\u2019s headcount would be \u2018more constrained in 2026\u2019 as the company sees \u2018opportunities for efficiency and we try to deploy those.\u2019 <\/p>\n
On Tuesday, Pinterest said it would cut 15% of its workforce as it pivoted \u2018resources to AI-focused roles and teams that drive AI adoption and execution.\u2019 <\/p>\n
Last year, Microsoft said it was eliminating 9,000 jobs to improve efficiency. Target also cut 1,800 corporate jobs to reduce \u2018complexity.\u2019 Instagram and Facebook owner Meta Platforms also reduced its workforce by around 600 jobs as it shifted toward artificial intelligence. <\/p>\n
At the same time, hiring nationwide is slowing and inflation remains elevated.<\/p>\n
After three months of contraction last year, the U.S. economy added only 56,000 jobs in November and just 50,000 in December. Meanwhile, inflation remains at 2.7%, well above the Federal Reserve\u2019s target of 2%.<\/p>\n\n
Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm. \u2018The reductions we are making today will impact approximately 16,000 roles across Amazon, and we\u2019re again working hard to support everyone whose role is impacted,\u2019 Beth Galetti, Amazon\u2019s senior vice president of people <\/p>\n","protected":false},"author":0,"featured_media":36750,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-36749","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"_links":{"self":[{"href":"https:\/\/americanfinancecore.com\/index.php\/wp-json\/wp\/v2\/posts\/36749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/americanfinancecore.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/americanfinancecore.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/americanfinancecore.com\/index.php\/wp-json\/wp\/v2\/comments?post=36749"}],"version-history":[{"count":0,"href":"https:\/\/americanfinancecore.com\/index.php\/wp-json\/wp\/v2\/posts\/36749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/americanfinancecore.com\/index.php\/wp-json\/wp\/v2\/media\/36750"}],"wp:attachment":[{"href":"https:\/\/americanfinancecore.com\/index.php\/wp-json\/wp\/v2\/media?parent=36749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/americanfinancecore.com\/index.php\/wp-json\/wp\/v2\/categories?post=36749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/americanfinancecore.com\/index.php\/wp-json\/wp\/v2\/tags?post=36749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}