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Amazon laid off hundreds of people, confirmed to downsize AWS cloud computing business to save costs

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Amazon laid off hundreds of people, confirmed to downsize AWS cloud computing business to save costs

AmazonOfCloudcomputing industry isretrenchmentThe hundreds of jobs are the latest round of cuts by the tech giant to cut costs.

Amazon’s cloud business AWS said on the 3rd that it plans to eliminate hundreds of positions in sales, marketing and global service departments. The company said it would cut hundreds of jobs from its physical store technology team, which focuses on the technology underlying Amazon’s self-checkout program. On Tuesday, Amazon announced that its Amazon Fresh Supermarket will remove its “Just Walk Out” unmanned checkout technology and replace it with smart cart technology.

An AWS spokesperson said the company has identified target areas where it needs to streamline and downsize, and is recruiting talent in core business areas. “These decisions are difficult but necessary, and we will continue to invest, deploy and optimize our resources to bring innovation to consumers,” a spokesperson said in a statement.

Amazon’s cloud computing business generates the bulk of its profits, but the company saw demand slow last year as corporate customers curbed spending. Amazon is committed to promoting AI-related work, largely relying on AWS investments, including a $4 billion investment in AI startup Anthropic. The Wall Street Journal, citing sources, reported late last year that Anthropic had committed to spending $4 billion on Amazon’s cloud platform over the next five years.

Many technology companies, including Google’s parent company Alphabet, Microsoft and Salesforce, have laid off employees this year. Amazon eliminated hundreds of jobs at its film and television studios and Twitch streaming platform in January to save costs. At that time, Amazon’s video streaming platform Twitch had fired about 500 people.

Despite layoffs, headcount at many big technology companies has continued to grow since the pandemic. For example, Amazon’s number of employees has nearly doubled since 2019.

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