Amazon set to lay off 16,000 workers: 'Removing bureaucracy'

Amazon announced on Wednesday that it plans to cut thousands of jobs, framing the move as a way to reduce bureaucracy.

The tech giant is set to slash 16,000 jobs. The development comes after similar workforce cuts of 14,000 employees last October were attributed partially to developments in artificial intelligence, as the company is expected to focus on efforts to replace over half a million jobs with robots.