What's Happening?
Leaked documents suggest Amazon is planning to automate 75% of its operations, potentially avoiding the need to hire over 600,000 US workers by 2033. The automation strategy aims to save the company $12.6 billion from 2025 to 2027 by reducing labor costs.
Amazon is reportedly considering community engagement initiatives to mitigate potential backlash from job losses, while exploring terms like 'advanced technology' instead of 'automation' to improve its corporate image.
Why It's Important?
The potential reduction in workforce due to automation raises concerns about job security and economic impact. As one of the largest employers in the US, Amazon's shift towards automation could influence other companies to follow suit, leading to widespread changes in employment patterns. While automation can enhance efficiency and reduce costs, it also poses challenges for workers who may face job displacement. The development underscores the need for policies that address the social and economic implications of technological advancements.
