Amazon’s reported plan to eliminate 30,000 corporate positions reflects broader industry pressures beyond pandemic overhiring. The cuts coincide with ambitious automation goals and external economic factors reshaping tech employment.
Chinese policymakers are reportedly maintaining their focus on technological development despite the ongoing property sector downturn. Analysts suggest Beijing views tech advancement as more urgent than real estate support in the current geopolitical climate.
Chinese leadership appears to be prioritizing technological growth over substantial intervention in the struggling real estate sector, according to analysts monitoring Beijing’s economic policies. This assessment comes as the Central Committee concludes a four-day meeting that will outline China’s economic priorities for the coming five-year period.
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Meta is laying off approximately 600 employees in its AI division while simultaneously pursuing aggressive infrastructure investment. The company continues hiring for its superintelligence unit despite the workforce reduction.
Meta is eliminating approximately 600 positions within its artificial intelligence unit, according to internal memos obtained by multiple news outlets. The layoffs, first reported by Axios and confirmed by CNBC, affect employees across AI infrastructure, the Fundamental Artificial Intelligence Research (FAIR) group, and various product-related teams.
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