Amazon to cut 30,000 corporate jobs
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The company's top human resources executive said Tuesday that the tech giant needs to be "organized more leanly" due to the "transformative" nature of AI.
The other thing that makes this seem different from past layoffs is who is affected. Amazon has already optimized its warehouses. It isn’t cutting the workers who handle packages—in fact, the company plans to hire 250,000 seasonal employees to ramp up for the holidays.
Amazon said it will cut approximately 14,000 white-collar jobs as it seeks to gain efficiencies -- and as it prepares for advances in artificial intelligence in running the company.
In a statement Monday, Amazon's top HR executive said AI is the "most transformative technology we've seen since the internet," and said the company needs to be "organized more leanly, with fewer layers" to move more quickly for their customers.
Amazon will cut tens of thousands of corporate roles in a major workforce shuffle. This and more in today's ETtech Top 5.
Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence
Although Nvidia remains popular with many billionaire investors, it's not their favorite AI stock. The only AI common denominator for billionaires Ken Griffin, Izzy Englander, Chase Coleman, David Tepper, Bill Ackman, and Warren Buffett is Amazon. Amazon has tremendous AI-related growth prospects.
Amazon on Wednesday said it is speeding up the automation of its warehouses with the help of artificial intelligence and robotics, raising questions about the future of human workers.