Amazon plans up to 30,000 layoffs amid AI investment surge
TL;DR Summary
Amazon is cutting approximately 14,000 corporate jobs, about 4% of its corporate workforce, as it increases investment in artificial intelligence and cloud infrastructure, signaling a shift towards automation and technological growth. The layoffs are part of a broader strategy to optimize costs while expanding its AI and cloud computing capabilities, with most affected employees given 90 days to find new roles or receive support.
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