Amazon layoffs hit amid an increase in robot automation: what to know

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Amazon layoffs hit amid an increase in robot automation: what to know
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Automation has the potential to 'eliminate 73 million' jobs in the U.S. by 2030, claims an online research group.

The company, which saw a massive expansion bubble during the covid epidemic, was quickly hit by the reality of thousands of layoffs in the following years.

An impartial view on the topic of whether robots are replacing human workers, which goes beyond Amazon, would likely be highly subjective, considering the closely monitored and divided information flow in the modern world., 1,021 tech companies laid off a total of 154,186 people in 2022. And in the first 19 days of 2023, more than 37,526 tech workers have been let go by about 122 organizations, averaging 1600 layoffs a day globally.

This process was kick-started in 2012 when Amazon paid $775 million to acquire Kiva Systems and its automated guided vehicle technology. It is one of the largest employers in the tech industry and the second-largest retailer in North America , and among the biggest retail leaders in the world.article

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