CNBC's MacKenzie Sigalos reports on the impact of Amazon's massive job cuts of more than 14,000 last month, with the deepest cuts to engineering.
Breakdown
- Amazon laid off more than 14,000 employees, with the deepest cuts in engineering roles. 3s
- Nearly 40% of over 4,700 reported layoffs in certain states were mid-level software developers. 8s
- The layoffs are part of CEO Andy Jassy's plan to streamline the company and improve decision-making. 23s
- Amazon is reallocating resources toward automation and internal tools, though AI is not cited as the main reason for layoffs. 1m 2s
- The layoffs also impacted Amazon's gaming division, AI shopping teams, and ad business, with more cuts expected in January. 1m 16s