Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:AMAZON TARGETS AS MANY AS 30,000 JOB CUTS - SOURCES AMAZON JOB CUTS TO BEGIN TUESDAY -SOURCES
This is because of AI, which isn’t going to be stopped by any of the paid off politicians in both parties. Amazon announced that robots will replace 600,000 workers by 2030.
It is not AI. The reports all say it is “to pare expenses and compensate for overhiring during the peak demand of the pandemic.” This is corporate speak for dropping demand.
Come again? You sure about that?
https://finance.yahoo.com/news/amazon-lay-off-14-000-093006981.html
Amazon to cut about 14,000 corporate jobs in AI push
(Reuters) - 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.
The PP is correct, AI is spin for our fundamentals are trash.