US online retail and cloud computing giant Amazon said Wednesday it will cut 16,000 jobs worldwide as the company tries to streamline amid its major push into AI. Media reports from October had said the roughly 30,000 job cuts planned in total would comprise nearly 10 percent of the 350,000 office jobs at Amazon. In its last quarterly earnings statement in October, the company said it spent $1.8 billion on severance costs tied to planned job cuts. Facebook owner Meta has also cut jobs over the past year, in a move intended to remove organizational bloat following aggressive hiring during the pandemic. Like other tech giants, Amazon is making massive investments to grab a slice of the AI revolution pie.