Amazon has cut more jobs in the books division, including at its Goodreads review site and Kindle units, impacting fewer than 100 workers to improve efficiency and streamline operations.
CEO Andy Jassy is said to be undertaking an initiative to reduce what he has described as an excess of bureaucracy at the company, including by reducing the number of managers.
According to last month’s disclosure, Amazon is observed to have added about 4,000 jobs in this year's first quarter, compared to last year's fourth quarter. Shares of Amazon closed 0.3 percent higher this week and are down 5.6 percent so far this year.
Amazon is a multinational technology company founded by Jeff Bezos in 1994, originally as an online bookstore. It has since grown into one of the world’s largest e-commerce platforms, offering everything from electronics and clothing to groceries and digital services.
Headquartered in Seattle, Amazon also leads in cloud computing through Amazon Web Services (AWS), a dominant force in global IT infrastructure.
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The company has expanded into areas like artificial intelligence, streaming (Prime Video), and logistics. Known for its customer-centric approach, rapid delivery systems, and innovation, Amazon plays a significant role in shaping modern retail and technology landscapes worldwide.