Amazon.com Inc (NASDAQ:AMZN) is undertaking significant layoffs, targeting over 14,000 jobs, including many engineering roles, as it intensifies focus on artificial intelligence (AI). Reports indicate that engineers made up nearly 40% of affected positions in states like New York and California. This marks Amazon’s largest layoff in its 31-year history, reflecting a strategic shift as AI tools are set to replace certain jobs. Although these cuts are substantial, Amazon aims to hire 250,000 seasonal workers for the upcoming holidays. CEO Andy Jassy emphasizes AI’s role in streamlining operations, pushing for efficiency following pandemic-driven hiring surges. Despite layoffs, Amazon’s Q3 results exceeded expectations, with net sales hitting $180.2 billion, boosted by notable growth across all sectors, including AWS. As part of its post-pandemic restructure, further job cuts are anticipated in January, aligning with a trend seen across the tech industry, which has experienced over 113,000 layoffs this year.
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Amazon Replaces Engineers with AI Tools: A Shift in Workforce Strategy – Amazon.com (NASDAQ:AMZN)
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