The FTC alleges that founder Jeff Bezos and CEO Andy Jassy destroyed messages discussing business matters to erase potential evidence amid the FTC's ongoing antitrust investigation against Amazon.
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The 9,000 Amazon workers to be laid off will be in addition to the 18,000 employees that were cut back in January 2023. AWS, PXT, Advertising, and Twitch workers will be affected.
Amazon CEO Andy Jassy says that Amazon has been working on generative AI models for a long time, while investors are concerned if Amazon is left behind already by Microsoft and Google.
Amazon is going to lay off 18,000 employees, almost double what it had previously planned in November. Communication with affected employees is now set to take place from January 18.
The U.S. FTC has rejected Amazon's request to forego the testifying process for Jeff Bezos and Andy Jassy. The company had previously claimed this order to be needlessly burdensome on the executives.
Following subpoenas issued by the FTC during the ongoing probe of Amazon, the company has accused the regulator of making unjust demands to harass its top executives, including ex-CEO Jeff Bezos.
U.S. President Joe Biden has reportedly invited multiple big tech companies to the White House, purportedly to discuss cybersecurity matters. The meeting will apparently take place tomorrow.
Today, Jeff Bezos announced that starting in Q3, he'll no longer be CEO of Amazon, as he'll be transitioning to the role of Executive Chair. Andy Jassy will become the company's new CEO.
