Record Job Cuts at Amazon and UPS
Amazon plans to lay off around 14,000 employees, marking another round of cost-cutting to streamline operations and reduce bureaucracy.
The goal is to allow greater investment in generative artificial intelligence (GenAI), which Beth Galetti, Senior Vice President of Human Resources and Technology at Amazon, describes as:
This generation of artificial intelligence is the most revolutionary technology since the creation of the internet, enabling companies to innovate faster than ever before — both in existing markets and entirely new ones.
According to CNBC, these will be the largest layoffs in Amazon’s history, with Reuters reporting that the cuts could affect up to 30,000 employees, primarily in administrative, technology, and HR teams.
Author's summary: Amazon lays off 14,000 employees to invest in AI.
More News
- Bam Adebayo's evolution into 'three-level scorer' starts with Heat's new offense
- Patriots' Rhamondre Stevenson is out for Sunday's game vs Falcons
- Stephen A. Smith Questions Why Chris Grier Got Fired Before Mike McDaniel After Dolphins' Embarrassing Loss
- Bose headphones and earbuds return to all-time lows for Black Friday
- Loss to Bucks stunk, but Warriors' Jimmy Butler knows key to returning to 'flowers and daisies'
- Motorist was detected drink driving at 8.30am on a Monday morning
- HSE Nursing Service unavailable on Tory Island this weekend - Donegal News
- Celebrity-approved Halloween nail ideas for spooky season – Scratch
- Wemby’s Evolution Is Scary: Spurs Phenom Dominates Again, Leaves Heat Defenders Helpless
- 'Love Island's' Huda Mustafa Apologizes After Laughing At Racist Slur Hurled Towards Olandria Carthen