Amazon’s workforce has more than tripled since 2018, with nearly 1.2M employees working at the company, but Amazon’s automation team expects the company can avoid hiring about 160,000 additional employees in the U.S. it would otherwise need by 2027 by using robots, Karen Weise of The New York Times reports. Last year, executives said they hoped robotic automation would prevent the company from needing to hire more U.S. employees in the coming years, even though they expect to sell double their current products by 2033, translating to more than 600,000 people Amazon wouldn’t need to hire.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Meta tops tech lobbying spending in Q3, Axios reports
- Amazon Stock: AWS Is Last in AI, Says Bernstein – But Does That Matter?
- Meta Secures Record $27B Financing with Blue Owl for AI Mega Data Center
- How Amazon’s (AMZN) Robot Army Could Reduce the Need for 600,000 Future Jobs
- Anthropic and Google in Talks Over Multibillion-Dollar Cloud Deal to Power AI Growth