Amazon plans up to 30,000 layoffs amid increased AI investment
TL;DR Summary
Amazon plans to lay off about 14,000 corporate employees to reduce costs and invest more heavily in generative AI, marking potentially the largest job cuts in its history, as it shifts towards a leaner organizational structure and emphasizes AI-driven innovation.
Topics:top-news#ai-investment#amazon-layoffs#business#corporate-workforce#cost-cutting#generative-ai
- Amazon laying off about 14,000 corporate workers as it invests more in AI CNBC
- Staying nimble and continuing to strengthen our organizations About Amazon
- Amazon layoffs, Qualcomm's AI chips, Airbnb cracks down on Halloween and more in Morning Squawk CNBC
- Amazon just cut 14,000 jobs, and it’s not done CNN
- Exclusive: Amazon targets as many as 30,000 corporate job cuts, sources say Reuters
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
3 min
vs 3 min read
Condensed
93%
593 → 40 words
Want the full story? Read the original article
Read on CNBC