What you need to know
- Amazon announced a second massive wave of layoffs, stating it's letting go of 16,000 roles.
- This comes after the company reduced its workforce by 14,000 last October, though Amazon's Beth Galetti says this will not become a regular occurrence.
- Amazon has had a history of huge layoffs, such as its 10,000 roles chopped during the 2022 holidays and its largest layoffs in history in 2023 of 18,000 roles.
