Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates
News Source : Associated Press
News Summary
- Amazon has about 350,000 corporate employees and a total workforce of approximately 1.56 million.
- Most workers will be given 90 days to look for a new position internally.
- Those who can’t find a new role at the company will be provided transitional support including severance pay, outplacement services and health insurance benefits.
- Amazon has announced plans to invest $10 billion building a campus in North Carolina to expand its cloud computing and artificial intelligence infrastructure.
- It was the biggest culling at Amazon since 2023, when the company cut 27,000 jobs.
Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while trimming spending. In June CEO Andy Jassy, who has aggressively sought to c [+3299 chars]
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