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AI Destruction of Millions of Jobs Begins
Yahoo Finance· 2025-10-28 22:15
iLexx / Getty Images One of the world’s top artificial intelligence firms has just had one of the world’s largest AI-related layoffs. Amazon will cut 30,000 white-collar workers. Oracle, Dropbox, and Block have announced layoffs because of the use of AI. Walmart and Goldman Sachs both have added large numbers of employees in the past five years. Yet, they plan to keep worker counts flat largely because of AI applications. As AI use grows, it is worth gambling that these companies will look for more restru ...
Amazon Memos Point To Robot Takeover — 600,000 Jobs Could Vanish (UPDATED)
Yahoo Finance· 2025-10-22 10:31
"The materials appear to reflect the perspective of just one team and don't represent our overall hiring strategy across our various operations business lines – now or moving forward," Amazon spokesperson Kelly Nantel told the New York Times in statements viewed by Benzinga. "The facts speak for themselves: No company has created more jobs in America over the past decade than Amazon."The documents show Amazon may already be preparing for the potential fallout from job losses and a lack of future hiring by m ...