Amazon said new positions will be offered to employees where possible.<\/p>\n
The layoffs are in line with a trend in big tech to trim white-collar management jobs. Microsoft in July said it had slashed a little less than four percent of its global workforce, about 15,000 jobs.<\/p>\n
CEO Andy Jassy said in October, after the first round of layoffs, that the cuts were not related to budget or AI investments.<\/p>\n
\u201cReally, it\u2019s culture,\u201d he said, decrying too many layers of management.<\/p>\n
Facebook owner Meta has also cut jobs over the past year, in a move intended to remove organisational bloat following aggressive hiring during the pandemic.<\/p>\n
Dutch tech giant ASML has said it would cut hundreds of management jobs to improve internal organisation, with HP and Oracle also announcing recent layoffs.<\/p>\n
Like other tech giants, Amazon is making massive investments to grab a slice of the AI revolution pie.<\/p>\n
It is particularly banking on the performance of its subsidiary Amazon Web Services (AWS), the world\u2019s leading cloud provider, which is engaged in a race against its fast-growing rivals, Microsoft Azure and Google Cloud.<\/p>\n
Spending on developing new AI-based chips and services is growing exponentially. In December, Amazon announced it would invest more than US$35b ($58b) in India.<\/p>\n
– Agence France-Presse<\/p>\n","protected":false},"excerpt":{"rendered":"Amazon said new positions will be offered to employees where possible. The layoffs are in line with a…\n","protected":false},"author":2,"featured_media":256677,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[35677,414,534,138,6162,1656,371,3588,13313,296,232,661,111,139,69,1642,15400,644,3048,76370,61,23838,1533,28367],"class_list":{"0":"post-256676","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-35677","9":"tag-amazon","10":"tag-amid","11":"tag-business","12":"tag-cloud","13":"tag-company","14":"tag-computing","15":"tag-cut","16":"tag-giant","17":"tag-into","18":"tag-jobs","19":"tag-major","20":"tag-new-zealand","21":"tag-newzealand","22":"tag-nz","23":"tag-online","24":"tag-push","25":"tag-retail","26":"tag-said","27":"tag-streamline","28":"tag-to","29":"tag-tries","30":"tag-will","31":"tag-worldwide"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/256676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=256676"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/256676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/256677"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=256676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=256676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=256676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}