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United Parcel Service posted third-quarter results that handily beat Wall Street's expectations and gave details about its turnaround efforts, including approximately 34,000 job cuts.
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Internal Amazon data shows retail managers hardest hit by US job cuts. Employees worry AWS could be next. businessinsider.comStaying nimble and continuing to strengthen our organizations About AmazonHere's Why Amazon Says It's Cutting 14,000 Workers While It's 'Performing Well' Yahoo FinanceAmazon to Cut 14,000 White-Collar Jobs The New York Times
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Amazon Games Unit Hit by Layoffs, Will Halt ‘Significant Amount' of AAA Development and Shift Online Strategy VarietyStaying nimble and continuing to strengthen our organizations About AmazonAmazon layoffs: What we know so far about the teams and roles affected, from internal messages businessinsider.comAmazon just cut 14,000 jobs, and it's not done CNNAmazon lays off thousands of corporate workers as it spends big on AI NPR
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Amazon has faced pressure from investors to tighten its finances as it spends big on the AI race. The company says it will cut 14,000 jobs, citing a goal of "reducing bureaucracy, removing layers."
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Inflation is stubbornly high, tariffs might not be temporary and wage pressures are rising.
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