Amazon to axe another 16,000 corporate jobs
Cuts will bring total number of lay-offs to 30,000 over past three months amid higher spending on AI
Related reading
Amazon to cut 14,000 corporate jobs
Job losses come as chief executive oversees a cost-cutting drive amid increased AI spending
Big US companies set to lay off at least 52,000 workers as jobs market cools
Employers look to cut down on costs as they accelerate investments in AI
UPS to cut up to 30,000 jobs and close facilities as Amazon shipments drop
Delivery and logistics group has been reducing its ‘volume’ from ecommerce giant by approximately 1mn pieces per day
Amazon says AI will mean fewer ‘corporate’ jobs
Chief executive Andy Jassy warns the company will cut roles ‘in the next few years’
The AI job cuts are accelerating
Companies are preparing for a time where there might be less work for their employees
Amazon shares sink as it prepares $200bn AI spending blitz
Capital expenditure forecasts for 2026 were a third higher than Wall Street’s expectations