Layoffs are up, hiring is down as Amazon cuts reverberate through the economy - The Washington Post
AI Summary1 min read
TL;DR
Amazon's layoffs of 16,000 corporate workers are impacting the economy, with increased layoffs and reduced hiring. Executives describe the cuts as part of a strategy to transform the company into a 'world's largest startup' and invest in AI.
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Amazonlayoffseconomycorporate restructuringAI investment
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