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Amazon is Adding 1000 Robots a Day to Its Workforce

So... What does this mean?

  • According to Ark Invest’s Cathie Wood, the growth of automation in the workplace will accelerate this decade.

  • Amazon's use of automated robots will change its workforce in the coming years.

  • Amazon is adding about a thousand robots a day and Wood believes that by 2030 Amazon could have more robots than employees.

  • The robot revolution will spread across manufacturing as improving technology and falling costs speed up the transition.

  • For every cumulative doubling in the number of robots produced, the cost declines are in the 50-60% range.

  • Amazon had over 1.6 million workers at the end of 2021.

  • Amazon has begun to lay off workers in recent months, but still has a higher number of employees than its pre-pandemic level.

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