The tech industry’s layoffs and hiring freezes: all of the news
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Amazon is cutting another 16,000 jobs.
The previously-rumored cuts follow an accidental calendar invite sent last night. They come after 14,000 corporate jobs were cut in October, attributed partially to advances in AI. This latest round of layoffs is less than 5 percent of Amazon’s 350,000 corporate workforce.
We’ve been working to strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy. While many teams finalized their organizational changes in October, other teams did not complete that work until now.
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