‘Some may ask why we’re reducing roles when the company is performing well,’ an executive admitted, blaming AI for the layoffs.
Galetti also espoused the benefits of AI in her message to employees, and claimed the oft-criticized technology is already allowing companies like Amazon to “innovate much faster than ever before.” She suggested it’s important for the company to reduce its headcount in order to take advantage of the perceived opportunity presented by the tech.
This screams of, we need to cut heads so we can pretend to be innovating with AI somehow Most likely, they are just hiding all the sunken AI investment that has returned nothing in terms of revenue
Not AI. They know the economy is tanking.
It’s not AI, that’s just their current excuse. They will just make remaining employees do more work for the same pay.
Executives replace human talent with the scam they are trying to sell, servers collapse.
somehow, it’s not the executive’s fault.
fucking twats.
What investors need to realize and reward, is that replacing the expensive employees will save more money faster. Starting with the executives puts all that money back in your pockets.
AI won’t sabotage your brand like Elon Musk. AI won’t steal from you by writing a masturbatorial book about itself on Company time like Jack Welch. It won’t waste investor dollars on a private jet so it can work from home and commute from another city like Brian Niccol.
AI executives will never need salaries or stock options. Will never have publically embarrasing affairs at coldplay concerts. Will never get sued for sexual harrassment. Don’t need golden parachutes etc…
It’s the right thing to do and the right time to do it.
Also AI can’t be sued. You can de-risk your potential litigation as well.
This was always the plan, always why they were excited about AI, and even after it blows up in their faces, they’re gonna keep pursuing it.
If we’re lucky, this’ll give their rivals a legup in the near future. Doubt we’ll be lucky on this, but one can dream, right?
What rivals? They simply pay Trump to protect their monopolies.
Serious rivals? None come to mind, which was no small factor in my doubts. I wish you were wrong.
I’m still trying to figure out how every CEO wants to replace nearly the entire workforce with AI, but somehow still thinks that anyone in society will be able to buy their products after they do that. Make it make sense.
It’s a tragedy of the commons. Each CEO on his own doesn’t make much of a difference in the overall economy. His choices are: layoffs and get a bonus, or no layoffs and no bonus. But he doesn’t influence any other CEO’s choice. They’re all monopolies now so they don’t have to worry about losing sales from poor quality.
No it’s not AI. It’s to boost short term profits
Just in time for someone to get an Xmas bonus.
and then retire once it all collapses, they’ve already made their money
This has nothing to do with AI, consumers don’t have any cash left and sales are falling off a cliff. Remember how they had to extend Prime Days?
“Blames AI” is a weird way to put it, and I think that was on purpose, to deflect comments from the real reason. Not talking about the recession we are currently in is the equivalent of going to the pub and waiting for it blow over.
they overhired during lockdown era. People are becoming less and less dependent on Amazon.
“Some may ask why we’re reducing roles when the company is performing well,” Galetti wrote. “This generation of AI is the most transformative technology we’ve seen since the Internet, and it’s enabling companies to innovate much faster than ever before (in existing market segments and altogether new ones). We’re convicted that we need to be organized more leanly.”
Convicted?
I’m just copying and pasting. 😄
If you did just paste that, looks like the Verge corrected it since! I wonder if they were using a competitor’s AI to generate the article, or if it was just the good old typo+autocorrect method?
I’m hearing that they left a stray " at the end in their signature, probably LLM for sure.
Quite the slip, for the AWS guy.
No shit more than 60 million americans soon are going to be wondering where there next meal is going to come from, of course they aren’t buying shit off of amazon
Actually, Amazon’s profits are skyrocketing right now. They’re doing the layoffs anyway cause they can always make more money.
can they just fucking stop flooding the market? I don’t even want that much of a wage increase, just to change specialisation!
Increase ownership is just a buzz word for giving more work to less people
That’s like 14 mid sized businesses all cut down at once. Why didn’t those 14,000 people work hard enough to become billionaires?
