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Amazon CEO says it will cut jobs due to AI's ‘efficiency'

Amazon CEO says it will cut jobs due to AI's ‘efficiency'

The Verge4 hours ago

Amazon CEO Andy Jassy says advancements in AI will 'reduce' the company's corporate headcount over the next few years. In a memo to employees on Tuesday, Jassy writes that Amazon expects the change due to 'efficiency gains from using AI extensively across the company,' without specifying how many employees would be affected.
'As we roll out more Generative AI and agents, it should change the way our work is done,' Jassy says. 'We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs.'
Amazon has laid off more than 27,000 people since 2022, and most recently cut jobs across its devices and services group and its books division. Jassy notes that Amazon has more than 1,000 AI services and apps that the company is working on or has already built, saying that it's just a 'small fraction' of what it's planning to launch in the future.
He notes that workers should also 'be curious about AI' and how to use it to 'get more done with scrappier teams:
Those who embrace this change, become conversant in AI, help us build and improve our AI capabilities internally and deliver for customers, will be well-positioned to have high impact and help us reinvent the company.
Other companies have shared statements about how they expect AI to impact their workforce as well. In April, Shopify CEO Tobi Lütke told employees asking for more headcount or resources that they should explain why they 'cannot get what they want done using AI.' Duolingo CEO Luis von Ahn also stated that the company plans on replacing contract workers with AI as part of a new 'AI-first' approach.

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i-80 Gold Announces Voting Results From its 2025 Meeting of Shareholders
i-80 Gold Announces Voting Results From its 2025 Meeting of Shareholders

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i-80 Gold Announces Voting Results From its 2025 Meeting of Shareholders

RENO, Nev., June 17, 2025 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80" or the "Company") is pleased to announce the results of its 2025 annual and special meeting of shareholders (the "Meeting") held on June 17, 2025. A total of 235,438,321 common shares, representing approximately 53.1% of the Company's outstanding common shares as at the April 23, 2025 record date, were voted by proxy at the Meeting. A summary of the results are as follows: 1. Number for Directors At the Meeting, shareholders approved setting the number of directors of the Company at seven. 2. Election of Directors All director nominees listed in the Company's management information circular dated April 29, 2025 were elected as directors of the Company on a vote held by ballot. Director Vote Type Number of Votes Percentage of Votes (%) Ron Clayton For 166,403,289 94.6 % Withheld 9,435,085 5.4 % Richard Young For 169,960,265 96.7 % Withheld 5,878,110 3.3 % Eva Bellissimo For 143,483,907 81.6 % Withheld 32,354,466 18.4 % John Begeman For 148,867,932 84.7 % Withheld 26,970,442 15.3 % John Seaman For 138,514,480 78.8 % Withheld 37,323,893 21.2 % Arthur Einav For 147,774,404 84.0 % Withheld 28,063,970 16.0 % Cassandra Joseph For 162,123,576 92.2 % Withheld 13,714,797 7.8 % 3. Appointment of Auditor Shareholders approved the reappointment of Grant Thornton LLP (USA), Chartered Professional Accountants as the Company's auditors and authorized the directors of the Company to fix their remuneration. 4. Advance Notice Policy Shareholders approved the Company's Advance Notice Policy outlining the procedures and requirements for nominating individual directors to the board of the Company. The voting results with respect to all matters voted upon at the Meeting will be filed on SEDAR+ at and on EDGAR at About i-80 Gold Corp. i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality asset portfolio. The Company is the fourth largest gold mineral resource holder in the state with a pipeline of high-grade exploration projects advancing towards feasibility and one operating project ramping-up toward steady state, all strategically located in Nevada's most prolific gold-producing trends. Leveraging its fully permitted central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth. i-80 Gold's shares are listed on the Toronto Stock Exchange (TSX:IAU) and the NYSE American (NYSE:IAUX). For more information, visit View original content to download multimedia: SOURCE i-80 Gold Corp

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