Amazon says it didn’t cut 14,000 people because of money. It cut them because of ‘culture’ | CNN Business
New York
—
Amazon chief executive Andy Jassy’s explanation for why the company is cutting 14,000 employees? Not money. Not even AI, but “culture.”
The layoff announcement this week was “not really financially driven, and it’s not even really AI driven, not right now. It’s culture,” Jassy said in response to an analyst question on the company’s earnings call Thursday. Amazon’s quarterly sales grew 13% year-on-year to $180 billion.
Jassy explained that as Amazon added headcount, locations and lin...
Read more at cnn.com