Amazon job cuts: CEO claims people get layoffs WRONG; ‘It’s culture, not finance’

Amazon has laid off 14,000 employees, with CEO Andy Jassy citing ‘culture’ as the primary driver, not cost-cutting or AI. He explained that rapid growth led to increased layers and diluted ownership, slowing down operations. Senior VP Beth Galetti highlighted organizational changes for leaner operations and faster innovation, acknowledging AI’s transformative impact.