Amazon cuts hundreds of jobs in cloud business

Amazon has confirmed that it is laying off hundreds of employees in its cloud computing division as part of a reorganization effort. The company has not disclosed the exact number of jobs being cut, but reports suggest that it could affect up to 1,900 employees.

The layoffs are said to be part of a broader restructuring of Amazon’s cloud business, which has been facing increasing competition from rivals such as Microsoft and Google. The company is looking to streamline its operations and focus on areas where it sees the most growth potential.

Amazon Web Services (AWS), the company’s cloud computing arm, has been a major source of revenue for Amazon in recent years. However, with competition in the cloud computing market intensifying, the company is under pressure to cut costs and improve efficiency.

While the layoffs are a blow to the employees affected, Amazon has said that it is providing them with severance packages and support to help them transition to new roles. The company remains committed to its cloud business and is looking to continue its expansion in the coming years.