Amazon.com, Inc. (AMZN)
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Amazon is reportedly planning another round of layoffs, potentially eliminating around 30,000 white-collar jobs, which highlights ongoing cost-cutting measures amid slower growth. This move could impact employee morale and investor sentiment as the company navigates a challenging market landscape. The focus on job cuts suggests Amazon is prioritizing efficiency as it prepares for future growth, especially with significant investments in AI on the horizon.
Latest News
| Title | Published |
|---|---|
The 1 thing You Need to Watch in Amazon's Earnings This is a bellwether for the AI business. | about 2 hours ago |
All Amazon Go and Amazon Fresh stores to close Amazon is closing all its physical Amazon Fresh and Amazon Go stores, the company announced Tuesday. The Amazon Fresh online delivery service will continue operating, and Amazon plans to expand its Whole Foods operation in the next year, according to a press release. “While we’ve seen encouraging signals in our Amazon-branded physical grocery stores, we haven’t yet created a truly distinctive ... | about 2 hours ago |
UPS looks to cut up to 30,000 jobs this year UPS is planning to cut up to 30,000 operational jobs this year as the package delivery company continues with its turnaround efforts and reducing the number of Amazon shipments that it handles. Chief Financial Officer Brian Dykes said during the company's conference call on Tuesday that the job cuts will be made through a voluntary buyout offer for full-time drivers and through attrition. UPS said in a regulatory filing in October that it had cut about 34,000 operational positions and closed daily operations at 93 leased and owned buildings during the first nine months of last year. | about 2 hours ago |
Amazon Is Closing Its Fresh Grocery, Go Convenience Stores Amazon Fresh and Amazon Go stores will close, the company said in a blog post on Tuesday, with some locations converted into Whole Foods Market stores. “While we’ve seen encouraging signals in our Amazon-branded physical grocery stores, we haven’t yet created a truly distinctive customer experience with the right economic model needed for large-scale expansion,” Amazon said. Since the surprise opening of a physical bookstore in 2015, Amazon has tried and failed to establish a foothold under its own brand in categories from groceries to fashion, often with technological flourishes such as digital price tags or novel checkout methods. | about 2 hours ago |
3 Reasons to Buy Amazon Stock Right Now When the market is pessimistic, that could spell opportunity. | about 2 hours ago |
Pinterest will lay off 15% of its workforce as the platform pivots resources to AI Pinterest plans to lay off under 15% of its workforce, as part of broader restructuring that arrives as the image-sharing platform pivots more of its money to artificial intelligence. In a Tuesday securities filing, San Francisco-based Pinterest said it was making these cuts to support “transformation initiatives” — which include reallocating the company's resources to AI-focused roles and prioritizing AI-powered products. Beyond the coming layoffs, Pinterest said it will reduce office space. | about 2 hours ago |
UPS to slash workforce by up to 30,000 jobs this year UPS executive said the delivery company is moving to cut costs and plans to offer a voluntary separation program for full-time drivers. | about 3 hours ago |
The 1 thing You Need to Watch in Amazon's Earnings
This is a bellwether for the AI business.
All Amazon Go and Amazon Fresh stores to close
Amazon is closing all its physical Amazon Fresh and Amazon Go stores, the company announced Tuesday. The Amazon Fresh online delivery service will continue operating, and Amazon plans to expand its Whole Foods operation in the next year, according to a press release. “While we’ve seen encouraging signals in our Amazon-branded physical grocery stores, we haven’t yet created a truly distinctive ...
UPS looks to cut up to 30,000 jobs this year
UPS is planning to cut up to 30,000 operational jobs this year as the package delivery company continues with its turnaround efforts and reducing the number of Amazon shipments that it handles. Chief Financial Officer Brian Dykes said during the company's conference call on Tuesday that the job cuts will be made through a voluntary buyout offer for full-time drivers and through attrition. UPS said in a regulatory filing in October that it had cut about 34,000 operational positions and closed daily operations at 93 leased and owned buildings during the first nine months of last year.
Amazon Is Closing Its Fresh Grocery, Go Convenience Stores
Amazon Fresh and Amazon Go stores will close, the company said in a blog post on Tuesday, with some locations converted into Whole Foods Market stores. “While we’ve seen encouraging signals in our Amazon-branded physical grocery stores, we haven’t yet created a truly distinctive customer experience with the right economic model needed for large-scale expansion,” Amazon said. Since the surprise opening of a physical bookstore in 2015, Amazon has tried and failed to establish a foothold under its own brand in categories from groceries to fashion, often with technological flourishes such as digital price tags or novel checkout methods.
3 Reasons to Buy Amazon Stock Right Now
When the market is pessimistic, that could spell opportunity.
Pinterest will lay off 15% of its workforce as the platform pivots resources to AI
Pinterest plans to lay off under 15% of its workforce, as part of broader restructuring that arrives as the image-sharing platform pivots more of its money to artificial intelligence. In a Tuesday securities filing, San Francisco-based Pinterest said it was making these cuts to support “transformation initiatives” — which include reallocating the company's resources to AI-focused roles and prioritizing AI-powered products. Beyond the coming layoffs, Pinterest said it will reduce office space.
UPS to slash workforce by up to 30,000 jobs this year
UPS executive said the delivery company is moving to cut costs and plans to offer a voluntary separation program for full-time drivers.