Amazon Cuts 14,000 Corporate Jobs
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Meta announced job cuts affecting 600 employees across AI research divisions, although the company expects most workers to find new internal roles.
The layoffs do not affect Meta’s newest A.I. hires, who are in some cases being paid up to hundreds of millions of dollars. The cuts were focused on correcting an earlier hiring spree.
Amazon announced plans to layoff around 14,000 of its corporate workforce as it shifts to investing more in AI amid CEO Andy Jassy's ongoing cost-cutting drive.