Amazon to cut thousands of jobs
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Commerce giant Amazon.com Inc. (NASDAQ: AMZN) is reportedly set to begin its next wave of mass layoffs affecting its white-collar corporate workers in its effort to streamline its bureaucracy and drive efficiencies.
CEO Andy Jassy has committed the tech giant to funding its own massive energy needs for artificial intelligence (AI), aligning with a similar pledge from Microsoft Corp. (NASDAQ:MSFT) amidst growing political pressure to protect consumers from rising electricity bills.
Amazon laid off about 14,000 workers globally in October.
Amazon employees respond to expected layoffs and corporate job cuts by posting memes referencing founder Jeff Bezos' two-pizza rule.