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Amazon CEO Says Massive Corporate Layoffs Were About Agility - Not AI or Cost-Cutting

6 days 5 hours ago
Amazon CEO Andy Jassy says the company's latest big round of layoffs -- about 14,000 corporate jobs -- wasn't triggered by financial strain or AI replacing workers, but rather a push to stay nimble. From a report: Speaking with analysts on Amazon's quarterly earnings call Thursday, Jassy said the decision stemmed from a belief that the company had grown too big and too layered. "The announcement that we made a few days ago was not really financially driven, and it's not even really AI-driven -- not right now, at least," he said. "Really, it's culture." Jassy's comments are his first public explanation of the layoffs, which reportedly could ultimately total as many as 30,000 people -- and would be the largest workforce reduction in Amazon's history. The news this week prompted speculation that the cuts were tied to automation or AI-related restructuring. Earlier this year, Jassy wrote in a memo to employees that he expected Amazon's total corporate workforce to shrink over time due to efficiency gains from AI. But his comments Thursday framed the layoffs as a cultural reset aimed at keeping the company fast-moving amid what he called "the technology transformation happening right now."

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VodafoneThree to offshore UK network jobs to India

6 days 5 hours ago
TUPE or not TUPE? Not for roles being sent overseas amid a push to meet post-merger rollout targets

Exclusive  VodafoneThree has told some staff their roles may be offshored to India under new contracts with Ericsson and Nokia – and that employment protections won't apply.…

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Adobe Struggles To Assure Investors That It Can Thrive in AI Era

6 days 5 hours ago
An anonymous reader shares a report: Adobe brought together 10,000 marketers, filmmakers and content creators to its annual conference this week to persuade them that the company's software products are adapting to AI and remain the best tools for their work. But it's Adobe's investors, rather than its users, who are the most skeptical that generative AI technology won't disrupt the company's business as the top seller of software for creative professionals. Despite a strong strategy, Adobe is "at risk of structural AI-driven competitive and pricing pressure," wrote Tyler Radke, an analyst at Citigroup. The company's shares have lost about a quarter of their value this year as AI tools like Google's video-generating model Veo have gained steam. In an interview with Bloomberg Television earlier this week, Adobe Chief Executive Officer Shantanu Narayen said the company is undervalued as the market is focused on semiconductors and the training of AI models.

Read more of this story at Slashdot.

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