Amazon cuts 14,000 corporate jobs
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WASHINGTON — Amazon announced a new round of major job layoffs, cutting as many as 14,000 corporate jobs. The retailer announced the job cuts in a statement released on Tuesday, nearly a day after multiple media outlets reported on the layoffs. The e-commerce retailer highlighted that it would ramp up spending on artificial intelligence.
Business Insider's reporters walk through the big layoffs at Amazon, why the cuts came, and who could be next.
The company's top human resources executive said Tuesday that the tech giant needs to be "organized more leanly" due to the "transformative" nature of AI.
Amazon is laying off 2,303 Washington-based employees, with 1,887 in Seattle alone. It's a move projected to deal a multimillion-dollar blow to the city’s tax revenues. The e-commerce giant announced 14,
Amazon ramps up hiring for the holiday season with 250,000 seasonal workers, even as it begins laying off 30,000 corporate employees. The company is accelerating its push into automation and AI.
Amazon’s cloud-computing arm plans to invest an additional $5 billion in South Korea over the next six years to build new artificial-intelligence data centers in the country.
Amazon said it has completed its Project Rainier data-center cluster, which is powered by nearly 500,000 of the company’s Trainium 2 chips.