Summary
Amazon is cutting 16,000 jobs as part of a restructuring plan that includes increasing its use of artificial intelligence. These job cuts are part of a broader trend in the tech industry where companies are reducing staff and investing more in AI technologies.
Key Facts
- Amazon will lay off 16,000 employees in a second wave of job cuts.
- The layoffs follow 14,000 job cuts already made in October.
- Affected departments include Prime Video, Amazon Web Services, and human resources.
- Only corporate-level employees will be impacted by these cuts.
- Amazon workers in the U.S. will have 90 days to find another position within the company.
- Those unable to find a new role will receive severance pay and other support.
- The company is simultaneously investing more in artificial intelligence.
- Various companies in the tech sector, like Pinterest and Autodesk, are also cutting jobs and focusing on AI.
