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Amazon and Walmart Trim Workforce Amid AI Shift, Impacting Thousands of Jobs
Amazon and Walmart are set to cut thousands of jobs as they adapt to an increasing reliance on artificial intelligence, impacting their massive workforces significantly.
- Amazon (company) announced plans to reduce its corporate workforce by as many as 14,000 roles, reflecting a shift towards automation and artificial intelligence.
- Walmart, already the largest private employer in the U.S., has also been adjusting its workforce as it navigates the changing retail landscape influenced by artificial intelligence.
- In recent years, both Amazon (company) and Walmart experienced significant workforce expansions, with Amazons employee count exceeding 1.6 million and Walmart planning for 150 new stores last year.
Why It Matters
This workforce reduction signals a significant shift in the retail industry, as both Amazon (company) and Walmart adapt to technological advancements like artificial intelligence, potentially reshaping job markets and consumer interactions.