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Market Daily Report: Bargain Hunting Lifts Bursa Malaysia To End Higher

KUALA LUMPUR, March 5 (Bernama) -- Bursa Malaysia ended higher today in line with regional equities as bargain hunting emerged after the benchmark index briefly slipped below the psychological 1,700 level in recent trading sessions. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 14.98 points, or 0.88 per cent, to close at an intraday high of 1,713.20 from Wednesday’s close of 1,698.22, The benchmark index opened 8.03 points higher at 1,706.25 and slipped to an intraday low of 1,701.83 in early trade.  Gainers beat losers by 572 to 511, while 523 counters were unchanged, 1,016 untraded, and 11 suspended. Turnover declined to 2.85 billion units worth RM3.26 billion from Wednesday’s 3.51 billion units worth RM3.79 billion.   

Amazon Cuts More Jobs, Robotics Unit Hit in Latest AI-Driven Restructuring

Amazon has cut at least 100 white-collar roles in its robotics division, marking another round of layoffs as the company continues to streamline operations and lean further into artificial intelligence.

Robotics Division Affected

Amazon.com Inc. confirmed that staff were laid off across its robotics unit, which designs warehouse automation systems and robotic conveyance technologies.

At least 100 white-collar jobs were affected, according to sources familiar with the matter.

The robotics division focuses on:

  • Warehouse automation systems

  • Robotic arms and sorting technology

  • Efficiency improvements in fulfillment centres

Key Point: Amazon is trimming robotics staff as part of broader AI-driven efficiency restructuring.

Layoffs Continue After Massive Cuts

This follows:

  • January 2026: About 16,000 job cuts

  • October 2025: Around 14,000 white-collar roles eliminated

In total, Amazon has trimmed roughly 30,000 corporate positions, nearly 10% of its white-collar workforce.

While Amazon employs about 1.5 million people globally, most are hourly warehouse workers. The cuts have primarily targeted corporate and technical roles.

The company has linked restructuring efforts to:

  • Efficiency gains from AI

  • Organisational realignment

  • Cultural reset initiatives

Blue Jay Project Halted

Earlier this year, Amazon paused development of its robotic arm project known as Blue Jay.

The system featured multiple robotic arms capable of grabbing several items simultaneously and was designed to operate in tight warehouse spaces.

The pause signalled a possible shift in priorities within Amazon’s automation roadmap.

Broader Cost Discipline Trend

Over the past year, Amazon has also reduced headcount in:

  • Devices and services

  • Books and media

  • Podcasts

  • Public relations

The move aligns with a wider trend among major tech firms reassessing workforce needs amid AI advancements and shifting cost structures.

Key Point: Even automation-focused units are not immune as Big Tech recalibrates spending in the AI era.

Big Picture

Amazon’s robotics layoffs highlight a broader theme:

  1. AI is improving efficiency

  2. Corporate headcount is being rationalised

  3. Automation projects are being reprioritised

The restructuring underscores how AI is not only reshaping industries but also changing workforce dynamics within tech giants themselves.

Overall theme: Amazon’s latest robotics layoffs reflect ongoing AI-driven cost optimisation and strategic refocusing.

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