Amazon to cut 14,000 corporate jobs

Core Points - Amazon plans to cut 14,000 corporate jobs, marking one of the largest layoffs in its history [1] - The layoffs are part of CEO Andy Jassy's strategy to operate the company more efficiently, akin to a startup [1] - The company has been focusing on reducing management layers, cutting bureaucracy, and tightening costs [1] Group 1: Layoff Details - The layoffs are a continuation of efforts initiated after the pandemic when Amazon's growth began to slow [2] - The company has been eliminating unprofitable projects and reducing its workforce to manage costs [2] - Earlier this year, Amazon froze the hiring budget in its retail division and also faced layoffs in its cloud division, Amazon Web Services [2] Group 2: Strategic Changes - Jassy indicated that AI-driven efficiency gains would lead to a further reduction in workforce [2] - The company has implemented changes to performance and pay systems, and mandated a return to the office for most corporate employees [1]