UPS said it is planning to cut around 20,000 jobs and close more than 70 facilities as it scales back the number of Amazon shipments it handles.

I think that AI and generative AI specifically is the most transformative technology of our lifetime, which is saying a lot, given that we have had the internet,” he told CNBC.

Amazon expects to reduce corporate jobs due to AI Amazon CEO Andy Jassy is betting that generative AI will change how the company thinks about its workforce in the future.