Amazon Cuts 14,000 Corporate Jobs
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Amazon has announced it will be scything more than 14,000 jobs as part of its efforts to streamline operations in the era of artificial intelligence. “What we need to remember is that the world is changing quickly,
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.
Amazon confirmed plans to reduce its corporate workforce, impacting 14,000 employees. The company cited a need to be more lean and the increasing prevalence of artificial intelligence as reasons for the cuts. Those who do not find a new role will be offered severance pay and other transition benefits.
Twitch is facing another brutal round of layoffs as Amazon slashes tens of thousands of jobs amid a major pivot to artificial intelligence.
Amazon is joining the ranks of big tech who have in the recent months shaved staffing strength as increased investment in AI reshapes the industry. Overall, at least 81,416 jobs have been directly impacted due to AI-led restructuring.
Amazon said it will cut approximately 14,000 white-collar jobs, representing about 4% of the total corporate workforce, as it seeks to gain efficiencies — and as it prepares for advances in artificial intelligence that will reduce the need for humans to run the company.
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.
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