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Amazon makes cold move that raises nationwide workplace fears
Yahoo Finance· 2025-10-29 18:47
Core Insights - Amazon is undergoing significant workforce changes, including layoffs, to enhance competitiveness in the tech and online retail sectors, with CEO Andy Jassy aiming for a more agile, startup-like operation [1][4][10] Workforce Changes - Amazon has announced layoffs affecting 14,000 corporate employees across multiple departments, marking a substantial reduction in its workforce [4][5] - The layoffs were communicated in a memo on October 29, emphasizing the need to reduce bureaucracy and streamline operations [5][6] - Over 78% of the affected roles were managerial, with more than 80% of impacted employees working in retail-related departments [6][7] Impact of AI - The layoffs are partly attributed to the rapid changes brought about by artificial intelligence, which is expected to automate many tasks and reduce the need for certain roles [9][10] - CEO Jassy indicated that the integration of AI will lead to a leaner workforce, with fewer employees needed for existing jobs [11] - A survey indicated that over one-third of U.S. workers are concerned about AI leading to job losses, reflecting broader anxieties about technological displacement [12][14] Historical Context - Amazon has been making workforce adjustments throughout the year, including earlier layoffs in various departments such as communications, devices, and cloud computing [8] - The company plans to increase capital expenditures to $100 billion, primarily driven by investments in AI [10]
Amazon Building Team Focused on Creating ‘Entirely New Product Categories'
PYMNTS.com· 2025-05-29 23:38
Group 1 - Amazon's devices unit is forming a new team called ZeroOne, focused on creating breakthrough consumer products and entirely new product categories, led by Microsoft veteran J Allard [1][2] - The ZeroOne team is working on projects that include a new smart home product, emphasizing design thinking and rapid experimentation [2] - This development follows Amazon's recent decision to cut about 100 jobs in its devices and services unit as part of a regular business review [3] Group 2 - The devices and services unit is responsible for products like Kindle eReader, Echo smart home devices, Zoox robotaxi, and Alexa [3] - Amazon is preparing to release a "constellation" of devices powered by artificial intelligence, as stated by Panos Panay, head of the devices and services division [3][4] - The company has begun integrating AI into various devices, including Ring security cameras, Eero Wi-Fi routers, and Echo smart speakers [4]
Amazon Plans to Release ‘Constellation' of AI-Powered Devices
PYMNTS.com· 2025-03-04 16:11
After launching a new version of Alexa dubbed Alexa+ last week, Amazon is reportedly preparing to release a “constellation” of devices powered by artificial intelligence (AI).“You can imagine … a constellation of devices that has to come together to make it a better experience,” Panos Panay, head of Amazon’s devices and services business, told CNN in an interview posted Thursday (Feb. 27).Panay didn’t say what devices might be included in that group, according to the report.The report noted that Amazon alre ...