Amazon Braces for Major Cuts to Its White-Collar Work Force

Core Insights - The company is initiating cost-cutting measures starting this week while continuing to invest heavily in artificial intelligence [1] - Another round of cost reductions is anticipated in January [1] Cost-Cutting Measures - The company plans to cut costs beginning this week [1] - A subsequent round of cuts is expected to take place in January [1] Investment in AI - Despite the cost-cutting initiatives, the company is maintaining aggressive spending on artificial intelligence [1]