Amazon lays off 'small number' of employees in communications and sustainability units
Publishing timestamp: 2025-01-29 20:19:12
Summary
Amazon is laying off a small number of employees in its communications and sustainability units as part of a wider review into the current organizational design. The company has already laid off more than 27,000 employees in 2022 and 2023 and is continuing to make smaller cuts. The layoffs are aimed at moving faster, increasing ownership, strengthening culture, and bringing teams closer to customers. Additionally, Berkshire Hathaway is underperforming after news of Buffett's exit and now trails the S&P 500.
Sentiment: NEGATIVE
Tickers: AMZN,
Keywords: technology, layoffs, amazon.com inc, business news, breaking news: technology, internet,