Amazon cuts 700 jobs in NYC alone on quest to streamline by slashing 30,000 positions
1. Amazon laid off 660 employees in Manhattan, primarily in tech roles. 2. Overall, the company plans to cut 30,000 corporate jobs globally, or 9%. 3. Layoffs come as part of restructuring and to shift resources for growth. 4. Analysts express concern over job cuts amidst talent shortage and AI advancements. 5. No closures of offices are expected despite the significant layoffs.