
Amazon layoffs: CEO Andy Jassy opens up about 27,000 job cuts, AI and more
India TV NewsAmazon layoffs: CEO Andy Jassy opens up about 27,000 job cuts, AI and more Amazon layoffs: Amazon CEO Andy Jassy acknowledged that some of the actions, like firing 27,000 employees, are tough, but the decision will be good for the business. Amazon layoffs: Andy Jassy, the CEO of Amazon, in an annual letter sent to the company’s shareholders talked about the hard times the company went through in the past and how he is now sure that the recent steps to cut costs will help the platform grow. He added that Amazon conducted a “deep look across the company, business by business”, to see whether “each initiative's long-term potential drive enough revenue, operating income, free cash flow, and return on invested capital.” According to Jassy, the corporation terminated a telemedicine service and other experimental ventures. Jassy also informed shareholders that Amazon has requested that current employees have to return to the office because he believes that innovation occurs when people work together in person.
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