Amazon just explained why it laid off 14,000 workers. It’s not what you expected
Update: 2025-10-30
Description
Amazon's CEO, Andy Jassy, announced a significant layoff of 14,000 employees, citing cultural issues rather than financial struggles or AI advancements. The company's rapid expansion led to a bloated management structure, hindering decision-making and employee ownership. Despite concerns about AI job displacement, investors reacted positively to the news, with Amazon shares rising 13% in after-hours trading. The layoffs aim to maintain Amazon's startup-like agility and responsiveness to future challenges.
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