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Amazon Boss Admits AI Will Mean More Job Losses For Staff
- Amazon CEO Andy Jassy has notified white-collar staff about the possibility of AI taking over their jobs in the coming years.
- Reports suggest that AI could impact nearly 40% of jobs globally, leading to job replacements and increased inequalities.
- An estimate from the Institute for Public Policy Research warned that about 8 million jobs in the UK might be lost due to AI.
- A study found that while generative AI is not currently displacing jobs in the UK, it is being used to support existing roles.
- Andy Jassy defended Amazon's substantial spending on AI, emphasizing the importance of aggressive investment for future gains.
- Amazon plans to invest $100 billion this year, primarily focusing on Amazon Web Services cloud AI capabilities.
- Jassy highlighted that the implementation of AI agents and generative AI systems could lead to a reduction in the corporate workforce.
- Amazon, with 1.5 million global employees, anticipates a shift in job roles with the increasing use of AI.
- Jassy mentioned the rise of AI agents across companies and personal lives, emphasizing the rapid advancement of AI technology.
- Employees were urged to embrace AI, educate themselves in the field, and take training courses to remain competitive.
- Other firms like BT are also exploring AI to replace jobs, with estimates suggesting significant job reductions in the future.
- Experts warn about potential job losses due to AI advancements, with concerns raised about half of entry-level office jobs being at risk.
- Amazon has faced criticism for ongoing layoffs, letting go of over 23,000 employees in 2023.
- AI's influence on the workforce is a growing concern, with companies like Amazon and BT at the forefront of integrating AI technologies.
- The use of AI in workplaces is expected to reshape job roles and require employees to adapt to technological advancements.
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