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Stock impact report

Amazon Is Laying Off 16,000 More Corporate Staffers in Latest Round of Cuts [Yahoo! Finance]

UBISOFT ENTMT UNSP/ADR (UBSFY) 
Company Research Source: Yahoo! Finance
All together, the 30,000 jobs represent almost 10% of the ecommerce giant's previous corporate-level headcount. More from Variety Amazon's Fire TV Getting Major User Interface Upgrade Amazon Sells Battle Arena Video Game 'March of Giants,' Including Full Development Team, to Ubisoft Amazon Unveils 'Tomb Raider: Catalyst' Video Game First Look and 2027 Release; Sets Remake of Original Lara Croft Game for 2026 Amazon execs have cited AI as contributing to recent job cuts and reorganizations. In sharing news of the latest cutbacks in a memo Wednesday, Beth Galetti, senior VP of people experience and technology, said that “we've been working to strengthen our organization by reducing layers, increasing ownership and removing bureaucracy.” “The reductions we are making today will impact approximately 16,000 roles across Amazon, and we're again working hard to support everyone whose role is impacted,” Galetti wrote. The company will initially offer most affected U.S.-based empl Show less Read more
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