Amazon (AMZN) Announces Corporate Layoffs Amid AI Focus

Amazon (AMZN) is set to lay off employees in its People eXperience and Technology division, with other areas of the company also facing reductions. CEO Andy Jassy’s efficiency strategy includes prioritizing employees who adapt to AI and deliver for customers. The layoffs are separate from normal attrition processes, as Amazon plans to hire seasonal workers and invest in AI and cloud infrastructure. Stock closed at $215.57 on Wednesday.