Record Job Cuts at Amazon and UPS
Amazon plans to lay off around 14,000 employees, marking another round of cost-cutting.
The e-commerce giant aims to streamline operations and reduce bureaucracy, allowing greater investment in generative artificial intelligence (GenAI).
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, primarily impacting administrative, technology, and HR teams.
Reuters reports that the cuts could affect up to 30,000 employees, citing sources familiar with the matter.
Author summary: Amazon cuts 14,000 jobs to invest in AI.
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