Amid heavy investment in artificial intelligence products, tech companies are undergoing major staff reductions. Tech giants like Google, TCS, Infosys and Meta have cut down their workforce considerably to emphasise heavily on reallocating talent and capital to pursue the AI revolution, which is shifting priorities and making some roles obsolete. In the latest development, Amazon has eyed massive layoff of 15 per cent or more, as per reports.
Amid heavy investment in artificial intelligence products, tech companies are undergoing major staff reductions. Tech giants like Google, TCS, Infosys and Meta have cut down their workforce considerably to emphasise heavily on reallocating talent and capital to pursue the AI revolution, which is shifting priorities and making some roles obsolete. In the latest development, Amazon has eyed massive layoff of 15 per cent or more, as per reports.
As per reports by Fortune, Jeff Bezos’ company has aimed to slash 15 per cent of staff in its human resources department, besides some other roles, in a new round of layoffs. Amazon’s HR team, known internally as the People eXperience Technology team or PTX, has over 10,000 staff globally. Amazon’s other core consumer business departments could also see some impact, sources told the publication.
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