Canadian-American venture capitalist Chamath Palihapitiya is not a fan of Amazon’ s explanation for its layoffs. He doesn’t believe the massive job cuts are caused by artificial intelligence, suggesting that Amazon’s hiring mistakes over the years are finally catching up with it.

On Tuesday, Amazon began its first round of layoffs, firing around 14,000 employees, just a day after Reuters reported that a total of 30,000 layoffs were planned. CEO Andy Jassy has said that the company’s increasing reliance on artificial intelligence would likely lead to more job cuts in the coming months.

Billionaire investor pushes back on AI blame narrative

In a post on X (formerly Twitter) on Tuesday, Palihapitiya said Amazon’s decision to lay off 30,000 corporate employees was “not AI job loss” but r

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