AI, Amazon and layoffs
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Amazon set to cut 14,000 corporate roles
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Earlier layoffs between 2022 and 2023, when Amazon cut more than 27,000 employees, and the 14,000 managerial roles that became redundant earlier this year were primarily tied to post-pandemic cost adjustments, rather than AI-driven automation.
In recent corporate developments, Amazon has announced a strategic shift that underscores its commitment to artificial intelligence. In what has
Amazon.com plans to continue spending on capacity to meet demand for artificial intelligence and cloud products.
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Amazon’s Coming AI Cash Burn: Bullish Signal or Time to Sell?
Amazon (NASDAQ:AMZN) is gearing up for massive investments in artificial intelligence (AI), with capital expenditures projected to exceed $100 billion in 2025. This surge focuses on bolstering AI capabilities,
Amazon posted higher fiscal third quarter profit and sales compared with a year ago, fueled by accelerating growth in its cloud computing business and strong spending by its customers looking for low prices at a time when inflation is resurging.
The combination of announcements out of Amazon within the past week may speak to the growing influence of artificial intelligence as a workforce engine.
Management didn't provide a clear answer when Baird analyst Colin Sebastian asked about the breakdown of AWS growth between core infrastructure and artificial-intelligence workloads. However, manageme
Amazon has confirmed it will cut 14,000 corporate jobs as part of a strategic shift towards artificial intelligence.