AI News from ET - Did artificial intelligence really drive layoffs at Amazon and other firms? It can be hard to tell

Many assumed Amazon's 16,000 corporate layoffs announced last week reflected CEO Andy Jassy's push to "reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company." But like other companies that have tied workforce changes to AI - including Expedia, Pinterest and Dow last week - it can be hard for economists, or individual employees like Plumb, to know if AI is the real reason behind the layoffs or if it's the message a company wants to tell Wall Street.

View the full article