Trump’s economic messaging is clashing with reality as corporate layoffs hit a 20-year high
Americans have also given Trump low marks on the economy in recent polls. A new CNN poll, released on Monday, showed 68% of ...
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 ...
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 ...
CNN
World’s largest food company is cutting 16,000 jobs due partly to automation
Nestlé will cut around 16,000 jobs worldwide over the next two years as it works to slash costs, including through automation, the world’s largest food company said Thursday. Most of the layoffs – ...
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 resources department, Amazon Stores, Amazon Web Services and other divisions. At ...
AOL
What Amazon’s mass layoffs are really about
A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Amazon — a company that made more than $35 billion in profit in the first half ...