Big Layoffs Look Scary. Why Job Market Is Still Holding Up.
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Retail job losses are surging, with Amazon and Target cutting nearly 32,000 corporate jobs combined, signaling a major industry restructuring.
The job cuts come as Amazon CEO Andy Jassy has said he envisions the company relying on AI agents to replace human workers.
Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence.
CEO Andy Jassy had signaled that Amazon’s workforce would likely get smaller as the company increases its use of artificial intelligence to complete tasks normally handled by people.
Amazon revealed plans to chop 643 jobs in the Bay Area, a fresh round of layoffs that will primarily affect workers in Santa Clara County. The company said it has decided to eliminate 391 jobs in Sunnyvale, 176 in Palo Alto, and 76 in Santa Clara, Amazon reported in a WARN letter that it sent to the state Employment Development Department.
Amazon said on Tuesday it will reduce its global corporate workforce by about 14,000 people, with more cuts expected next year, in a major shakeup driven in part by adoption of artificial intelligence at the tech giant.
On Tuesday, October 28, word spread like wildfire that Amazon was initiating a huge number of layoffs. While Amazon's Senior Vice President of People, Experience and Technology Beth Galetti said the decision would impact roughly 14,000 employees, insiders told national news outlets that number could be more than doubled.
Amazon is planning to cut thousands of corporate jobs starting on Tuesday, according to published reports. As many as 30,000 corporate workers across a variety of the tech giant’s departments, including human resources,
Amazon announced plans to eliminate about 14,000 corporate jobs earlier this week. "We’re convinced that we need to be organized more leanly, with fewer layers and more ownership, to move as quickly as possible for our customers and business,
Amazon said on Tuesday that it plans to reduce its corporate workforce by 14,000 jobs as it seeks to reduce bureaucracy, remove layers and invest more in its AI strategy.