Amazon Cuts 16,000 Jobs Globally Amid AI-Driven Restructuring

• E-commerce giant Amazon announced a global workforce reduction of over 16,000 jobs.
• The job cuts are part of a broader business restructuring, significantly influenced by an AI push.
• Affected employees will have 90 days to seek new internal roles within Amazon.
• For those not finding new roles, Amazon will provide severance pay, outplacement services, and health insurance benefits.
• Despite layoffs, Amazon plans to continue hiring and investing in strategic growth areas.

Why It Matters: Amazon is cutting 16,000 jobs worldwide due to AI-led restructuring, while still investing in strategic growth.