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Amazon just cut 14,000 jobs, and it’s not done
Amazon just announced 14,000 layoffs while sitting on $100 billion in cash. Is this just way to cover up the losses for their failing investment into their AI Innovation?
How many of those 14,000 laid off employees at Amazon because of AI were PM roles?
Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates
Amazon said that they don't need so many people due to AI. We have already seen companies telling engineers to use AI project management tools,
Could Amazon be doing the same internally?
Amazon just announced 14,000 layoffs while sitting on $100 billion in cash.
Is this the new playbook for the AI era that companies are implementing to survive and/or thrive.
Or maybe it's just a way for them to make their balance sheets look pretty for the investors with all the money they've dumped into AI.
Amazon's CEO explained it clearly: "When you add a lot of people, you end up with middle managers who want to put their fingerprint on everything.
Full post:
https://www.linkedin.com/posts/stepania_amazon-just-announced-14000-layoffs-while-activity-7308144807313371137-YZMl