Amazon plans to lay off around 14,000 employees, marking another round of cost-cutting to streamline operations and reduce bureaucracy.
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.
Amazon aims to allow greater investment in generative artificial intelligence (GenAI) through these redundancies.
Author's summary: Amazon lays off 14,000 employees to invest in AI.