Summary
Amazon is planning to let go of 14,000 corporate employees as it increases investment in artificial intelligence. The company is focusing on AI to drive future growth and has already started large projects to expand its AI capabilities. This move is part of Amazon's strategy to compete with other tech firms in the AI field.
Key Facts
- Amazon will cut about 14,000 corporate jobs.
- The company is increasing spending on artificial intelligence.
- CEO Andy Jassy has been focusing on cutting costs since 2021.
- Amazon plans to invest $10 billion to build a campus in North Carolina for AI and cloud computing.
- The company is competing with other tech giants like OpenAI, Google, Microsoft, and Meta.
- Employees affected by job cuts will have 90 days to find another role within the company.
- Amazon has about 350,000 corporate employees.
- The cuts represent roughly a 4% reduction of Amazon's corporate workforce.
