Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates

Core Insights - Amazon plans to cut approximately 14,000 corporate jobs as part of a strategy to increase spending on artificial intelligence while reducing overall expenditures [1][5] - CEO Andy Jassy indicated that generative AI is expected to decrease Amazon's corporate workforce in the coming years, with over 1,000 generative AI services and applications currently in progress [1][2] - The company is investing $10 billion in a new campus in North Carolina to enhance its cloud computing and AI infrastructure, alongside similar investments in data centers across Mississippi, Indiana, and Ohio [2][3] Job Cuts and Workforce Impact - The announced job cuts represent about a 4% reduction in Amazon's corporate workforce, which consists of approximately 350,000 employees [6][7] - Affected employees will be notified and given 90 days to seek new positions within the company, with transitional support provided for those unable to find new roles [6] Strategic Focus on AI - Amazon is aggressively investing in AI to improve customer experiences, with plans for over 1,000 AI applications, including advancements in its Alexa product [4][5] - The company aims to streamline operations by reducing bureaucracy and reallocating resources to focus on significant investments that align with customer needs [5]