Amazon CEO Says 14,000-Person Layoffs Weren’t Due to AI or Finances: ‘It’s About Culture’

Amazon's 14,000-person layoffs earlier this week weren't necessarily driven by finances or AI, CEO Andy Jassy said during the company's earnings call on Thursday. Instead, the motivation behind cutting the workforce was "culture,
Retail Dive

AI will accelerate the end of brick and mortar’s reign: Amazon CEO

The domination of e-commerce is inevitable and will only come faster thanks to the emerging technology, even if physical stores represent opportunity for now, Andy Jassy told analysts Thursday.

Amazon could be a 'top three' grocery player in the U.S., Jassy says

Amazon CEO Andy Jassy said that even without counting Whole Foods — the high-end grocery store chain it bought in 2017 — and Amazon Fresh, the company's grocery business put up more than $100 billion of gross merchandising sales over the last 12 months.

Amazon's Jassy touts future of AWS, grocery delivery, and AI-integration in retail

Amazon (AMZN) shares continued to gain ground in late trading on Thursday with the company’s earnings call highlighting the advancements in its cloud computing segment, new features on its ecommerce site,

Amazon to cut 30,000 corporate jobs — 9% of worldwide office workforce: report

The sweeping layoffs mark another major contraction under CEO Andy Jassy, who has slashed tens of thousands of roles since taking over in 2021.
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