(NEW YORK) — Amazon is set to lay off thousands of corporate workers, despite billions in profits and lucrative lines of business spanning from e-commerce to cloud computing. The reason is artificial intelligence, the company said in a memo to employees on Tuesday.

“Some may ask why we’re reducing roles when the company is performing well,” wrote Beth Galetti, Senior Vice President of People Experience and Technology at Amazon.

“What we need to remember is that the world is changing quickly. This generation of AI is the most transformative technology we’ve seen since the Internet, and it’s enabling companies to innovate much faster than ever before,” Galetti added.

The extensive job cuts at a high-profile tech giant mark the latest in a series of layoffs top executives have attributed t

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