Amazon's 14,000 Layoffs Are About 'Culture,' Not Cash, Says CEO Andy Jassy

Benzinga

Amazon CEO Andy Jassy said the company’s 14,000 job cuts were driven by cultural goals, not financial pressure or AI shifts. The move aims to streamline management and restore Amazon’s fast-moving “startup” spirit. Quarterly sales rose 13% to $180 billion, with shares up 13% after hours.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Amazon CEO Andy Jassy said the company's decision to cut 14,000 jobs was driven by culture,

00:09not finances or artificial intelligence, according to CNBC. Jassy told analysts Thursday the layoffs

00:16were meant to remove layers and preserve Amazon's identity as the world's largest startup. He said

00:22years of growth had added unnecessary management levels that slowed decision-making and weakened

00:27ownership among core workers. Amazon's quarterly sales rose 13% to $180 billion and shares jumped

00:3513% after hours. The company ended last year with about 1.5 million employees, down from a peak of

00:431.6 million in 2021. For all things money, visit Benzinga.com.

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