Amazon has announced plans to cut about 16,000 jobs globally as part of a restructuring effort aimed at reducing management layers and cutting bureaucracy, Peak Newspaper reports.
The company said the decision is intended to streamline operations, improve efficiency, and speed up decision-making across its businesses. The job cuts are expected to affect multiple divisions, though Amazon has not disclosed specific locations or teams.
Amazon added that the restructuring is part of broader cost-control measures as it adjusts to slower growth and changing economic conditions.
Further details on the timeline and scope of the layoffs are expected in the coming weeks.
