Amazon Prepares for Another Major Layoff Round; 14,000 Jobs at Risk

• Amazon is set to conduct a second round of layoffs next week, potentially impacting 14,000 employees.
• This move is part of a larger plan to reduce the corporate workforce by approximately 30,000 employees.
• CEO Andy Jassy stated the layoffs are due to excessive bureaucracy and increased management layers, not financial issues or AI.
• Departments like AWS, Retail, Prime Video, and HR could be affected, though specific teams are yet to be confirmed.
• If 30,000 jobs are cut, it would be the largest layoff in Amazon's 30-year history, affecting about 10% of its corporate staff.

Why It Matters: Amazon is initiating another significant layoff round, citing bureaucracy as the primary reason for job cuts.