Overview

• In a recent memo, CEO Andy Jassy said efficiency gains from AI will reduce Amazon’s corporate workforce over the next few years
• The company plans to achieve headcount declines mainly through slower hiring rather than large-scale layoffs
• Amazon’s AI investments include a $10 billion campus in North Carolina and about $20 billion for data center expansions in Mississippi, Indiana, Ohio and Pennsylvania
• Other tech companies such as Salesforce and Shopify are pausing new hires while Microsoft plans to cut thousands of roles to fund its AI push
• A World Economic Forum survey found that 41% of employers intend to cut staff because of automation