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xAI recently laid off 500 employees, representing one-third of its data annotation team, while simultaneously planning to increase their specialist AI tutor team by tenfold. The layoffs were described as brutal, with immediate system access termination and a contentious timing that left many employees feeling undervalued and disrespected. This situation highlights a growing trend in the AI sector, where generalist roles are being replaced by specialized positions amidst rapid restructuring.
Amazon has laid off at least hundreds of employees in its Amazon Web Services (AWS) division, following a warning from CEO Andy Jassy about workforce reductions due to the rise of generative AI. This move aligns with trends in the tech industry, where companies are increasingly automating tasks to reduce costs.
Microsoft is set to lay off several thousand employees, primarily in its sales department, as part of a restructuring aimed at optimizing its workforce while advancing its costly artificial intelligence initiatives. This move follows a previous reduction of 10,000 jobs in January 2023 and comes just before the start of the company's new fiscal year in July.
XAI has reportedly laid off 500 workers from its data annotation team as part of a restructuring effort. This decision highlights the ongoing challenges in the tech industry related to workforce management and operational efficiency.
Microsoft is set to lay off approximately 9,000 workers, following the elimination of around 6,000 roles in May. This latest round of job cuts affects less than 4% of the company's global workforce and spans various levels and teams, with notable reductions in the gaming segment.
Amazon is laying off approximately 14,000 corporate workers, about 4% of its workforce, as it reallocates resources to invest heavily in artificial intelligence amid pressure from investors to tighten finances. The layoffs follow disappointing growth in Amazon's AI business and come in the context of broader job cuts across the retail sector, including Starbucks and Target. CEO Andy Jassy has indicated that increasing efficiency through AI will likely reduce the overall corporate workforce in the coming years.
Google has offered buyouts to employees in various divisions, including its knowledge and information unit, as part of a strategy to reduce headcount following previous layoffs. The voluntary exit program encourages those not aligned with the company's goals or struggling in their roles to consider leaving, while also mandating a return to office for some remote workers. This shift towards buyouts comes amid ongoing cost-cutting measures as Google invests in AI infrastructure.
Amazon CEO Andy Jassy announced that the company's corporate workforce will decline as generative AI tools are integrated, leading to fewer employees in some roles and a shift towards different job types. The memo follows significant layoffs at Amazon and highlights the company's commitment to leveraging AI for efficiency across various operations. Jassy emphasized the need for employees to adapt by learning to utilize AI effectively.
Eigen has announced a 25% reduction in its workforce as part of a restructuring effort to enhance operational efficiency. The layoffs are aimed at aligning resources with the company's strategic goals amid challenging market conditions.
Microsoft is laying off 3% of its workforce, approximately 6,000 employees, as part of organizational changes to adapt to a dynamic market. The layoffs, which include a significant reduction at the Redmond headquarters, are not performance-related and come despite the company reporting strong quarterly earnings. CEO Satya Nadella emphasized the need to adjust sales execution and management structures in response to shifting market demands.
Companies are increasingly laying off employees while implementing AI technologies, but many are reluctant to explicitly connect job cuts to AI advancements, opting instead for vague terms like "restructuring." Experts suggest that this trend reflects a strategic avoidance of backlash from employees and the public, even as AI's role in workforce changes becomes more apparent. The article highlights that while AI can automate many tasks, the need for human expertise remains crucial in various roles.
Amazon is set to cut as many as 30,000 corporate jobs, primarily to reduce expenses and address overhiring during the pandemic. This move, which represents nearly 10% of its corporate workforce, follows the company's previous layoffs in late 2022.
Amazon is reportedly set to lay off up to 30,000 corporate employees as part of a significant workforce reduction aimed at cutting expenses after over-hiring during the pandemic. The layoffs will affect various business units and come as the company invests heavily in artificial intelligence, which is expected to reduce the need for certain jobs in the future.
Many American companies are opting to maintain or even reduce their workforce, betting that artificial intelligence can handle increased sales and operational demands without additional hiring. Firms like JPMorgan Chase and RTX are leading the trend, citing a cautious approach to hiring in an uncertain economic climate.
Amazon has announced job cuts affecting 14,000 corporate workers, with potential reductions rising to 30,000, accounting for about 10% of its white-collar workforce. This move is part of a broader strategy by CEO Andy Jassy to reduce expenses amid rising competition and increased spending on AI.