Amazon, Andy Jassy and CEO
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Amazon chief executive Andy Jassy’s explanation for why the company is cutting 14,000 employees? Not money. Not even AI, but “culture.”
During Amazon's earnings call, Chief Executive Andy Jassy said the e-commerce giant was committed to "meeting or beating prices of other major retailers," as shoppers grapple with higher costs of living and concerns about tariffs.
Amazon said on Oct. 28 that it is cutting thousands of corporate jobs. What does this mean for its Floridian employees?
Amazon.com plans to continue spending on capacity to meet demand for artificial intelligence and cloud products.
Amazon CEO Andy Jassy said that even without counting Whole Foods — the high-end grocery store chain it bought in 2017 — and Amazon Fresh, the company's grocery business put up more than $100 billion of gross merchandising sales over the last 12 months.
Amazon is reportedly set to eliminate a significant portion of its workforce. CEO Andy Jassy is on the hunt for AI-driven profits. Amazon (NASDAQ: AMZN) intends to slash as many as 30,000 corporate jobs,