Amazon is set to lay off thousands of corporate workers, despite billions in profits and lucrative lines of business spanning from e-commerce to cloud computing. The reason is artificial intelligence, the company said in a memo to employees on Tuesday.

Amazon workers impacted by job cuts were informed in a company letter Tuesday. The organization made the move as it continues its investment into artificial intelligence initiatives. Several weeks ago, Amazon conducted layoffs in its human resources ...

Staff at Amazon have been told the retail technology giant plans to cut around 16,000 jobs globally in a bid to streamline operations.

Amazon said Tuesday it will lay off thousands of corporate workers, citing AI. Amazon is set to lay off thousands of corporate workers, despite billions in profits and lucrative lines of business spanning from e-commerce to cloud computing. The reason is ...