"When Amazon recently disclosed that upcoming layoffs would impact 14,000 corporate jobs, the tech giant said the cuts would help make Amazon leaner. "This generation of AI is the most transformative technology we've seen since the internet, and it's enabling companies to innovate much faster than ever before," HR leader Beth Galetti said in a memo. (Amazon CEO Andy Jassy has since clarified that the layoffs are driven by culture, not AI or the bottom line.)"
"Other tech companies like Microsoft have trimmed headcount this year to the tune of over 15,000 layoffs, all the while sinking billions of dollars into AI investments. "To deliver on our mission, we need to stay focused on our three business priorities: security, quality, and AI transformation," Microsoft CEO Satya Nadella told employees after a significant round of layoffs in July. "We are doubling down on the fundamentals while continuing to define new frontiers in AI.""
Mass layoffs have returned across large tech companies, with employers positioning cuts as a way to make organizations leaner. Amazon disclosed upcoming layoffs affecting 14,000 corporate jobs and framed the current generation of AI as a transformative technology that enables faster innovation, while later clarifying that layoffs were driven by culture rather than AI or the bottom line. Microsoft reduced headcount by over 15,000 this year while investing heavily in AI, emphasizing priorities of security, quality, and AI transformation and saying it will double down on fundamentals while pursuing new AI frontiers.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]