Amazon plans to cut 16,000 jobs as AI competition heats up

By Robin Ajello, Bloomberg

Amazon.com Inc. announced plans to terminate about 16,000 corporate employees, ratcheting up efforts to streamline bureaucracy amid rising competition over artificial intelligence.

The company will offer US-based employees 90 days to search for a new role internally, as well as severance and other transition support, Beth Galetti, Amazon’s senior vice president of people experience and technology said Wednesday in a blog post.

“We’ve been working...