Amazon confirms 14,000 job losses in corporate division

Amazon confirms 14,000 job losses in corporate division

Beth Galetti, a senior vice president at Amazon, wrote in a note to staff that the move would make the company "even stronger" by shifting resources "to ensure we're investing in our biggest bets and what matters most to our customers' current and future needs".

Earlier reporting had suggested it was planning to lay off as many as 30,000 workers.

The tech giant said on Tuesday it would reduce its global corporate workforce by "approximately 14,000 roles".

Amazon has confirmed it plans to cut thousands of jobs, saying it needs to be "organised more leanly" to seize the opportunity provided by artificial intelligence (AI).

She acknowledged that some would question the move given the company was performing well.

At the end of July, Amazon reported second quarter results which beat Wall Street expectations on several counts, including a 13% year over year increase in sales to $167.7bn (£125bn).

But Ms Galetti said the cuts were needed because AI was "the most transformative technology we've seen since the Internet" and was "enabling companies to innovate much faster than ever before."

"We're convicted that we need to be organised more leanly, with fewer layers and more ownership, to move as quickly as possible for our customers and business," she added.

The note, shared with Amazon employees earlier on Tuesday, said the company was "working hard to support everyone whose role is impacted" - including by helping those affected find new roles within Amazon.

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