Amazon cutting 14,000 jobs as the retailing giant embraces AI

Amazon on Tuesday said it is cutting 14,000 corporate jobs as the retailing giant relies more on artificial intelligence and moves to lower its wage bill. 

Earlier this year, CEO Andy Jassy said Amazon’s investment in AI tools would allow the company to reduce its human workforce as the business becomes more efficient.

Beth Galetti, senior vice president of people experience and technology, on Tuesday said in a statement that the job cuts would allow Amazon “to operate like the world’s largest startup.”

“What we need to remember is that the world is changing quickly,” she added. “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).”

—This is breaking news and will be updated.