amazon job cuts – pressnews

5 things about AI you may have missed today: Demand raised for crackdown against deepfakes, AI-focused Amazon cuts jobs

18Nov

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Technology

5 things about AI you may have missed today: Demand raised for crackdown against deepfakes, AI-focused Amazon cuts jobs

[ad_1] Today, November 18, marked a day of shocking developments in the artificial intelligence space. In the first incident, the cofounder of OpenAI, Sam Altman, was sacked from the position of CEO of OpenAI by the company's board of directors. In the fallout of the decision, company president Greg Brockman also resigned from his position. In other news, Amazon announced it is trimming jobs at its Alexa voice assistant unit, citing shifting business priorities and a greater focus on generative artificial intelligence. This and more in today's AI roundup. Let us take a closer look.Amazon to cut jobs to focus on AIAmazon is reducing jobs in its Alexa voice assistant unit, citing changes in business priorities and a higher emphasis on generative AI, said a report by Reuters. The job cuts ...

Amazon to Sell Bay Area Office Complex as Sales Growth Cools

27Jan

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Technology

Amazon to Sell Bay Area Office Complex as Sales Growth Cools

[ad_1] Amazon.com Inc. is selling a vacant Bay Area office complex purchased about 16 months ago, in an effort to unwind a pandemic-era expansion that left it with a surfeit of warehouses and employees. Amazon.com Inc. is selling a vacant Bay Area office complex purchased about 16 months ago, the company's latest effort to unwind a pandemic-era expansion that left it with a surfeit of warehouses and employees. Amazon in October 2021 paid $123 million for the 29-acre property in Milpitas, California, part of a strategy to lock up real estate near big cities that could be used for new warehouses and facilitate future growth. The Metro Corporate Center is now in contract with a commercial real estate developer, according to three people familiar with the situation, who requested ano...

21Jan

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Technology

Big tech’s job-slashing wave

[ad_1] Google slashes nearly 12,000 jobs worldwide. The layoffs come a day after Microsoft said it would reduce staff numbers by 10,000, following similar cuts by Meta, Amazon and Twitter. Google's announcement Friday it would slash nearly 12,000 jobs worldwide is the latest in a series of mass layoffs in the once-unassailable tech sector, which is facing a huge downturn. Here are the others: - Amazon - The online retail giant said on January 5 it would cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the fact it had "hired rapidly" during the pandemic. During Covid, Amazon had gone on a hiring spree to meet an explosion in demand for deliveries, doubling its global staff between the beginning of 2020 and start of 2022. It was the largest among...

Amazon, Meta Join Ranks of Tech Companies Slashing Thousands of Jobs

19Nov

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Technology

Amazon, Meta Join Ranks of Tech Companies Slashing Thousands of Jobs

[ad_1] A running list of the layoffs announced in the industry. Tech companies are trimming staff and slowing hiring as they face higher interest rates and sluggish consumer spending in the US and a strong dollar abroad. The tech industry shed 9,587 jobs in October, the highest monthly total since November 2020, according to Challenger, Gray & Christmas Inc., a consulting firm that tallies job cuts announced or confirmed by companies across telecom, electronics, hardware manufacturing and software development. In recent earnings reports, Alphabet Inc., Amazon.com Inc., Meta Platforms Inc., Microsoft Corp. and others fell short of projections, sending shares plunging and shaving hundreds of billions of dollars from their market valuations. Meta, for instance, has lost more than 67%...

18Nov

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Technology

Andy Jassy Shocker on Amazon Job Cuts

[ad_1] Amazon CEO Andy Jassy said the e-commerce giant will be cutting jobs into 2023 as it adjusts to business conditions. Amazon.com Inc. Chief Executive Officer Andy Jassy said the e-commerce giant will be cutting jobs into 2023 as it adjusts to business conditions, his first public comments about the cost-reduction plans roiling Amazon since reports that it planned to wipe out about 10,000 jobs.“Leaders across the company are working with their teams and looking at their workforce levels, investments they want to make in the future, and prioritizing what matters most to customers and the long-term health of our businesses,” Jassy said Thursday in the statement. “This year's review is more difficult due to the fact that the economy remains in a challenging spot and we've hired rapi...

Amazon Employees Fear ‘No One Is Safe’ as Layoffs Roil the Ranks

17Nov

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Technology

Amazon Employees Fear ‘No One Is Safe’ as Layoffs Roil the Ranks

[ad_1] “No one is safe.” So wrote an Amazon.com Inc. employee on an internal chat room as the company began the largest round of layoffs in its history. The mood, especially in the hard-hit devices team, reflected the shock and dismay of people more accustomed to growing budgets and moonshots than talk of recession and austerity. Devices chief Dave Limp, in a note to his team on Wednesday, said the firings pained him. He pledged severance payments for people who can't find other jobs inside the company. But for many recipients his note was little consolation, and some wondered why Chief Executive Officer Andy Jassy, considered by some a gentler touch than predecessor Jeff Bezos, hadn't addressed the troops the way Mark Zuckerberg did when announcing job cuts at Meta Platforms Inc. La...

Amazon Devices Chief Says Layoffs Have Begun: ‘It Pains Me’

16Nov

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Technology

Amazon Devices Chief Says Layoffs Have Begun: ‘It Pains Me’

[ad_1] Amazon.com Inc. employees who learned Tuesday that they were being fired from the devices team will receive severance packages if they can’t find other roles inside the company. Amazon.com Inc. employees who learned Tuesday that they were being fired from the devices team will receive severance packages if they can't find other roles inside the company.It was the e-commerce giant's first acknowledgment of a headcount cull that's expected to be the deepest in the company's history. Bloomberg reported earlier that some 10,000 Amazon corporate and technology employees could face termination. “After a deep set of reviews, we recently decided to consolidate some teams and programs,” Dave Limp, Amazon's senior vice president of devices and services, said in a note to staff. “It pain...

Amazon layoffs coming! 10000 employees to be sacked- source

15Nov

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Technology

Amazon layoffs coming! 10000 employees to be sacked- source

[ad_1] Amazon.com Inc is planning to lay off around 10000 employees in corporate and technology roles beginning this week. Amazon.com Inc is planning to lay off around 10000 employees in corporate and technology roles beginning this week, a person familiar with the matter said on Monday, in what would amount to its biggest such reduction to date.The Amazon job cuts, earlier reported by the New York Times, would represent about 3% of Amazon's corporate staff. The exact number may vary as businesses within Amazon review their priorities, the source told Reuters. The online retailer plans to eliminate jobs in its devices organization, which makes voice-controlled "Alexa" gadgets and home-security cameras, as well as in its human-resources and retail divisions, the person said. Amazon's t...