India, Oct. 31 -- Amazon chief executive officer (CEO) Andy Jassy opened up on the company's decision to cut 14,000, reason for which he said is neither money nor what was being commonly believed, AI.

The layoff announcement, he told analysts on Thursday's earnings call, was "not really financially driven, and it's not even really AI driven, not right now. It's culture", according to a CNN report.

This came as Amazon reported a 13 per cent year-on-year jump in quarterly revenue to $180 billion.

Jassy said that as Amazon expanded its workforce, footprint and business lines in recent years, "you end up with a lot more people than what you had before, and you end up with a lot more layers . sometimes without realizing it, you can weaken t...