Amazon Slashes 16,000 Jobs in Latest Tech Layoff Wave

• Amazon announced a new round of layoffs, impacting approximately 16,000 employees.
• The job cuts were confirmed by Beth Galetti, a senior vice president at Amazon, via a blog post on Wednesday.
• This follows an earlier round of layoffs in October, which saw 14,000 Amazon workers lose their jobs.
• US-based staff affected by the cuts will have 90 days to seek internal roles.
• Those unable to find new positions will receive severance pay, outplacement services, and health insurance benefits.

Why It Matters: Amazon is cutting 16,000 jobs, adding to the growing trend of tech industry layoffs.