Amazon spends billions on AI arms race as it guts corporate ranks

AI Investment & Job Cuts - Big Tech companies like Amazon and Alphabet are investing hundreds of billions of dollars in generative AI infrastructure, including custom chips and data centers [2] - Amazon is planning the largest corporate job cut in its history while investing heavily in AI [1] - Amazon announced it is cutting 14,000 corporate roles [2] - Internal documents show Amazon is reportedly looking to automate 75% of warehouse operations, potentially avoiding 600,000 new hires [6] Workforce Restructuring - Big Tech is becoming leaner, moving faster, and reallocating resources toward AI [3] - Meta aggressively hired elite AI talent with blockbuster pay packages, even as it slashed thousands of roles [3] - Microsoft eliminated 15,000 jobs [4] - Amazon's job cuts could climb to 30,000, potentially the largest round of white-collar layoffs in the company's history [4] - Generative AI is expected to shrink the workforce [5] - The industry is seeing a thinning out of middle management ranks to flatten the org chart and expedite decision-making [8][9]