Record Job Cuts at Amazon and UPS
Amazon plans to lay off around 14,000 employees, aiming to streamline operations and reduce bureaucracy.
The company seeks to invest in generative artificial intelligence (GenAI), which
“is the most revolutionary technology since the creation of the internet, enabling companies to innovate faster than ever before”, wrote Beth Galetti, Senior Vice President of Human Resources and Technology at Amazon.
- The layoffs will primarily affect administrative, technology, and HR teams.
- According to CNBC, these will be the largest layoffs in Amazon’s history.
- Reuters reports that the cuts could affect up to 30,000 employees, citing sources familiar with the matter.
Author's summary: Amazon lays off 14,000 employees to invest in AI.
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