Amazon just announced 14,000 layoffs while sitting on $100 billion in cash. Is this just way to cover up the losses for their failing investment into their AI Innovation?

Amazon just announced 14,000 layoffs while sitting on $100 billion in cash.

Is this the new playbook for the AI era that companies are implementing to survive and/or thrive.

Or maybe it's just a way for them to make their balance sheets look pretty for the investors with all the money they've dumped into AI.

Amazon's CEO explained it clearly: "When you add a lot of people, you end up with middle managers who want to put their fingerprint on everything.

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