Amazon announces layoffs to cut 16,000 jobs amid ‘rising competition over AI’

Amazon.com Inc. has announced layoffs affecting as many as 16,000 corporate jobs, amid “rising competition over AI”.

The company will offer US-based employees 90 days to search for a new role internally, as well as severance and other transition support, Beth Galetti, the senior vice president of people experience and technology at Amazon, said in a blog post on Wednesday.