Amazon confirms 14,000 job losses in corporate division
6 months ago
- #Job Cuts
- #Amazon
- #Artificial Intelligence
- Amazon confirms plans to cut 14,000 corporate jobs globally.
- The company cites the need to reorganize more leanly to focus on AI opportunities.
- Senior VP Beth Galetti states the move will make Amazon stronger by reallocating resources to key priorities.
- Despite strong Q2 results, Amazon believes AI is transformative and requires faster innovation.
- Affected employees will receive support, including severance pay or internal role transitions.
- Amazon has previously cut jobs, including 27,000 in 2022, to adjust post-pandemic hiring.
- CEO Andy Jassy suggests AI tools will reduce routine jobs but create new roles.
- Investors express skepticism over Amazon's AI investments amid slower AWS growth compared to rivals.
- Amazon will report Q3 results soon, with analysts watching AI's impact on performance.