Amazon cuts 14,000 corporate jobs
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Amazon plans to lay off corporate employees. Warehouse fulfillment positions and delivery driver jobs were not stated as being part of the layoffs. According to the memo, the layoffs impact 14,000 corporate employees. CNBC and Reuters, citing anonymous sources, reported that the company could cut up to 30,000 jobs.
The AI-related layoffs at Amazon and some other firms reflect a "hollowing out of middle-skilled workers," Lynn Wu, a professor of operations, information and decisions at the University of Pennsylvania, told ABC News.
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Amazon Plans to Replace 500,000 People With Robots
Amazon.com Inc. (NASDAQ: AMZN) hired over 200,000 part-time workers to help with holiday sales. That is good news for the overall economy. It indicates that people plan to spend briskly over the holidays.
Amazon said it will cut approximately 14,000 white-collar jobs, representing about 4% of the total corporate workforce, as it seeks to gain efficiencies — and as it prepares for advances in artificial intelligence that will reduce the need for humans to run the company.