Amazon's Jassy: 'World's Largest Startup', Layoffs, AI Investment
Update: 2025-11-05
Description
Amazon's CEO, Andy Jassy, is spearheading a cultural overhaul, aiming to transform the company into a 'startup' to stay competitive. This involves streamlining the organization, reducing management layers, and encouraging employees to do more with less. Despite recent layoffs and concerns about AI replacing jobs, Jassy insists these changes are necessary to address a 'culture' issue and make jobs more exciting. Meanwhile, Amazon is investing heavily in AI, with plans to boost capital expenditures to $125 billion this year.
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