Amazon CEO Andy Jassy announces job cuts due to AI

“Private sector job growth is weak (in Australia). The government sector accounts for 53 per cent of the jobs created since 2019.” ⁦@FinancialReview⁩ www.afr.com/chanticleer/how-ai-and-tax-reform-could-drive-a-white-collar-squeeze-20250620-p5m8zi

CEOs warn the new technology could make many workers obsolete, while urging them to start using it right away. Source: Axios share.google/jt9jNGth75gkW9gOy

"As we roll out more Generative AI and agents, it should change the way our work is done." "We expect that this will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company." - CEO of Amazon www.aboutamazon.com/news/company-news/amazon-ceo-andy-jassy-on-generative-ai

Lowe's CEO Marvin Ellison has said corporate jobs are more at risk from AI than front-line work. First they come for office jobs, later for physical labor jobs. "Ellison's comments came within hours of Amazon CEO Andy Jassy posting a memo that said the tech giant would most pic.x.com/dXGlYkWw4A