Amazon Stock Dips on Report of Massive Workforce Automation Plan
Amazon shares fell 2.14% to $217.28 following revelations of internal documents outlining plans to replace 600,000 U.S. workers with robotics by 2033. The leaked strategy targets automating 75% of operations, potentially saving $12.6 billion—equivalent to 30 cents per delivered item by 2027.
The company's robotics division is spearheading this transformation, though Amazon claims the documents don't reflect complete hiring plans. Notably, the report indicates deliberate avoidance of terms like 'AI' and 'automation' in public communications to mitigate backlash.
This scale of workforce displacement could ripple through consumer spending patterns, potentially influencing macroeconomic factors that indirectly affect cryptocurrency markets. Large-scale automation trends may accelerate institutional interest in blockchain-based solutions for supply chain transparency and decentralized labor markets.
