Amazon says it is laying off 16,000 employees

Group 1 - Amazon is cutting 16,000 jobs across the company, following a previous layoff of 14,000 employees in October [1] - The layoffs aim to reduce layers, increase ownership, and remove bureaucracy, as stated by Senior VP Beth Galetti [1] - Galetti indicated that the company is not planning to establish a pattern of large layoffs every few months, despite the possibility of future job cuts [2] Group 2 - As of October, Amazon had 1.57 million employees and had experienced single-digit growth over the past five quarters [3] - The company plans to continue hiring in strategic areas despite the job cuts [3] - CEO Andy Jassy mentioned that due to AI advancements, the company will require fewer employees for certain jobs while needing more for others [4] Group 3 - Amazon is closing its physical Amazon Go and Amazon Fresh Stores to focus on enhancing same-day grocery delivery capacity [5] - The company plans to expand Whole Foods' footprint and open 100 new stores in the coming years [5]