Amazon CEO Jassy Drives Cultural Overhaul With Record Job Cuts And 'World's Largest Startup' Vision

Benzinga

Amazon is laying off about 14,000 corporate employees as CEO Andy Jassy pushes to streamline the company and “operate like the world’s largest startup.” The restructuring aims to cut bureaucracy and refocus on AI and cloud growth, even as AWS faces pressure from Microsoft and Google.

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

00:02Amazon CEO Andy Jassy is pushing to make Amazon operate like the world's largest startup by

00:07cutting bureaucracy and flattening its corporate structure, and according to CNBC, the company

00:11plans to lay off about 14,000 corporate employees, with further reductions expected in January,

00:16marking its largest round of corporate layoffs in history. Divisions impacted include stores

00:20and human resources, as Jassy aims to boost efficiency and speed after years of expansion.

00:25Cuts follow a series of stream-living measures, putting office return mandates, discontinue

00:30retail ventures, and a focus on artificial intelligence and cloud growth. Amazon Web Services

00:35faces pressure from faster-growing rivals Microsoft and Google, but hopes its $38 billion cloud

00:40deal with OpenAI will counter perceptions it lags in AI. Cuts said the effort reflects a

00:45cultural overall, not financial distress. For all things money, visit Benzinga.com.

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