What Amazon’s mass layoffs are really about
Amazon is laying off thousands of people, part of a familiar impulse in Corporate America to reduce headcount in the face of rising prices, an unpredictable trade war and a potential (though still ...
The list of major companies laying off staff this year includes Amazon, Starbucks, Oracle, Nike, Carter's, and more
Layoffs have hit companies from Starbucks to Meta to Intel this year amid a backdrop of cost-cutting and technological change ...
Amazon could cut as many as 30,000 corporate jobs, reports say
It’s not the first round of massive layoffs for the tech giant. In 2023, the company cut 27,000 workers in its human ...
As the shutdown drags on, here’s how it can drag down the economy
History has shown that the economy typically rebounds from a shutdown within a couple of months. But each day it drags on brings a greater risk that the economy won’t just bend, it will start to break ...
Job cuts rise nationwide, but experts say AI isn’t the main cause
Companies across the U.S. are announcing layoffs they blame on artificial intelligence, but labor data shows most cuts stem from earlier downsizing and economic pressures. While the Federal Reserve ...
GM layoffs: EV market downturn hits automaker to the tune of 1,750 job cuts
General Motors is trimming its ranks at electric vehicle and battery cell plants in Michigan, Ohio, and Tennessee, the ...