Amazon's historic layoff impacts over 14,000 employees, focusing primarily on engineers in states like New York and California. Despite projecting record profits for the year, CEO Andy Jassy emphasizes a "cultural reset" to adapt to AI-driven market changes. Notably, about 40 percent of layoffs target engineering roles. Cumulatively, over 113,000 positions have vanished from Silicon Valley this year, highlighting a significant industry trend towards workforce reductions amid evolving technological demands.