Amazon plans to cut 16,000 jobs
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Amazon is laying off 16,000 employees, the company’s second round of massive job reductions in two months as it fights to improve its standing in the battle for AI supremacy.
Amazon’s latest round of layoffs is set to hit 16,000 corporate employees starting Wednesday — with the tech titan suggesting artificial intelligence will do their work, instead. The firings come after Amazon said in October it was laying off 14,
The e-commerce giant, which is in the midst of a corporate downsizing, is discontinuing its Go and Fresh stores and One palm checkout while it repurposes the underlying technology.
The e-commerce giant has been cutting costs while pouring resources into building data centers to compete in the race to dominate artificial intelligence.
Amazon said on Wednesday it was cutting 16,000 jobs worldwide in the second major round of layoffs at the company in three months, as it restructures after pandemic-era over-hiring and expands the adoption of artificial intelligence tools.