Amazon Cuts 14,000 Corporate Jobs
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The AI-related layoffs at Amazon and some other firms reflect a "hollowing out of middle-skilled workers," Lynn Wu, a professor of operations, information and decisions at the University of Pennsylvania, told ABC News.
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’s cloud-computing arm plans to invest an additional $5 billion in South Korea over the next six years to build new artificial-intelligence data centers in the country.
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,
Twitch is facing another brutal round of layoffs as Amazon slashes tens of thousands of jobs amid a major pivot to artificial intelligence.
The commitment, announced by South Korea’s presidential office, deepens the ties between major US technology firms and the Korean market, which is rapidly emerging as a critical hub for AI development and hardware.
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.
Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere.