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International Business Times
International Business Times
Business

Amazon Laid Off Employees In Its AI Unit. Its Stock Is Falling

Amazon laid off employees in its artificial intelligence unit even as it continues to spend heavily into the technology.

Amazon laid off employees in its artificial intelligence unit even as it continues to spend heavily into the technology, according to a new report.

CNBC noted that the company declined to say how many people were impacted by the decision or which parts of the company, with a spokesperson telling the outlet that "this is a fast-moving space, and we're sharpening our focus on the initiatives that matter most for customers, so we can move faster on what counts."

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