Update: Market Chatter: Amazon Engineers Criticize Corporate Spending on AI While Cutting Jobs

MT Newswires Live06-05 22:36

(Updates with Amazon's response in the fourth paragraph.)

Amazon (AMZN) software engineers supported data center restrictions in Seattle while criticizing the technology giant for investing heavily in infrastructure during massive layoffs, CNBC reported Wednesday evening, citing public hearings.

Amazon is allocating $200 billion toward computing networks and automated systems this year despite letting go of 30,000 corporate workers over the last eight months, a software engineer at Amazon Web Services said at the hearing, CNBC reported.

Seattle council members voted unanimously to halt new large-scale computing hub developments for one year to give the city time to implement project regulations, the report added.

An Amazon spokesperson told MT Newswires in an email that the company respects the right of colleagues to voice their opinions and that it does not have any plans to to build data centers within the Seattle city limits.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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