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Companies like Deutsche Lufthansa and ING Groep are citing AI as a key reason for significant job cuts and hiring freezes. This trend reflects broader changes in how businesses are integrating technology into their operations.
Amazon is set to eliminate up to 30,000 corporate positions as part of a strategy to cut costs and streamline operations following overhiring during the pandemic. This reduction represents nearly 10% of its corporate workforce and is the largest job cut since late 2022.