Amazon confirms 16,000 job cuts
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Amazon is cutting about 16,000 jobs in the latest round of mass layoffs for the tech industry. Beth Galetti, a senior vice president at the ecommerce company, made the announcement Wednesday in a blog post. The cuts follow a round of job cuts in October, when Amazon laid off 14,000 workers.
OpenAI is seeking new capital from investors capable of valuing the startup as high as $830 billion, according to The Wall Street Journal.
An internal email referring to a new wave of redundancies was sent to a number of Amazon employees before being cancelled.
Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm.
Jan 29 (Reuters) - Amazon is in talks to invest dozens of billions in OpenAI and the figure could be as high as $50 billion, a source told Reuters on Thursday. The talks are still in the early stages and the final numbers have not been finalized,
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Amazon sent a notice out to staffers in an apparent error acknowledging "organizational changes" at the company.