Amazon has faced pressure from investors to tighten its finances as it spends big on the AI race. The company says it will cut 14,000 jobs, citing a goal of "reducing bureaucracy, removing layers."

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence

Amazon.com Inc. plans to eliminate roughly 14,000 corporate jobs just months after Chief Executive Officer Andy Jassy warned that AI will shrink the company’s workforce.

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence.

Amazon said it will cut approximately 14,000 white-collar jobs, representing about 4% of the total corporate workforce, as it seeks to gain efficiencies — and as it prepares for advances in artificial intelligence that will reduce the need for humans to run the company.

Amazon will eliminate 14,000 corporate positions through internal restructuring, joining over 200 tech companies that cut 98,000 jobs this year.

Amazon.com on Tuesday announced job cuts of 14,000, as the megacap tech company said it needs to better prepare for the impact of artificial intelligence.