Amazon layoffs may mark 'new normal' in AI era, market expert says

STORY: Amazon said it will reduce its global corporate workforce by about 14,000 people, with more cuts expected next year, in a major shakeup driven in part by adoption of artificial intelligence at the tech giant.The move had Diton wondering whether overall weakness in the U.S. labor market "is not weakness at all, [but] simply a reflection of jobs being replaced by AI, combined with reduced immigration from the Trump administration policies."So what does that mean for the potentially large swathe of American workers who will be replaced by AI and robotics?"It may mean that a college education looks different, and people are going to need different skills to get jobs in this new AI-powered world," Diton said.

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