Amazon cuts 16,000 jobs globally in broader restructuring

Core Insights - Amazon is cutting 16,000 jobs globally, marking the second major round of layoffs within three months as part of a restructuring effort to address over-hiring during the pandemic and to enhance operational efficiency [1] Group 1: Job Cuts - The company is implementing significant job cuts, totaling 16,000 positions [1] - This decision reflects a strategic move to restructure the workforce in response to previous over-hiring [1] - The layoffs are part of a broader initiative to streamline operations and adapt to changing market conditions [1]