Amazon plans to cut 14,000 corporate jobs to become leaner in the AI era, the company announced. Audible CEO Bob Carrigan addressed the cuts to its audiobook division in an email to employees.
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Big jobs cuts at the online retailer offer a glimpse into the future.
Amazon.com Inc. plans to eliminate roughly 14,000 corporate jobs just months after Chief Executive Officer Andy Jassy warned that AI will shrink the company's workforce. Reuters reported earlier that as many as 30,000 people would lose their jobs.
Amazon plans to lay off as many as 30,000 corporate employees this week, Reuters first reported on Oct. 27, citing anonymous sources.
Stock futures are inching higher after major indexes closed at record highs yesterday amid optimism about trade talks between the U.S. and China; Amazon is eliminating 14,000 corporate positions; the Federal Reserve is scheduled to begin its two-day policy meeting, with investors expecting the central bank will cut interest rates; UnitedHealth shares are rising after the health insurer raised its full-year outlook; and UPS stock is surging following better-than-expected results from the shipping giant. Here's what you need to know today.
As many as 14,000 corporate jobs are to go at tech giant Amazon, the company announced.
Amazon.com on Tuesday announced job cuts of 14,000, as the megacap tech company said it needs to better prepare for the impact of artificial intelligence.
Amazon plans to cut 14,000 corporate jobs, the company announced Tuesday. The company said the cuts are to help it operate "like the world's largest startup.
Amazon said on Tuesday it will reduce its corporate workforce by about 14,000 roles.
The biggest corporate layoff in Amazon's history will reportedly eliminate 30,000 jobs across multiple divisions as part of a major restructuring effort.