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Stock impact report

Internal Amazon FAQ spells out what's happening to the 16,000 employees getting cut [Business Insider]

ADECCO GROUP AG UNSP/ADR (AHEXY) 
Have an account? Log in Amazon is cutting 16,000 corporate jobs An internal FAQ viewed by Business Insider includes details for affected employees. This is the second big layoff by Amazon since October. Amazon is cutting 16,000 corporate roles, and an internal FAQ viewed by Business Insider spells out the details for affected employees. This round of layoffs is the second mass job cut since October, when Amazon shed 14,000 roles. The moves are part of a broad effort by the company to operate more efficiently amid rapid advances in AI. Amazon didn't respond to requests for further comments on the job cuts. Employees who received a layoff notification will receive full pay and benefits for 90 days plus an additional severance package, and are no longer expected to perform any work, according to the document. Amazon's public announcement stated that the company is offering most US-based employees 90 days to search for a new role internally. The FAQ states affected employee Show less Read more
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