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Everyone thinks AI is replacing factory workers, but Amazon's layoffs show it's coming for middle management first FortuneWhat Amazon's mass layoffs are really about CNNExclusive: Amazon targets as many as 30,000 corporate job cuts, sources say ReutersStaying nimble and continuing to strengthen our organizations About AmazonText messages told employees they had be
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The Federal Reserve is expected to cut its benchmark interest rate by a quarter percentage point because the central bank is more concerned about the job market than it is with battling inflation.
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Paramount Layoffs Begin; CEO David Ellison Says Cuts Are Key To Building "Strong, Future-Focused Company" DeadlineParamount Skydance to cut more than 1,000 employees NBC NewsParamount Lays Off Thousands of Workers, Including at CBS The Wall Street JournalParamount to Ax 1,000 Jobs Wednesday in First Round of Cuts Bloomberg.com
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Many executives have echoed Amazon CEO Andy Jassy's talking points, tying their own job cuts to expected gains from AI and more nimble operations.
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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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As Amazon lays off 14,000, some employees worry more cuts loom The Seattle TimesStaying nimble and continuing to strengthen our organizations About AmazonGlobal firms slash jobs amid weak sentiment, AI push ReutersAmazon to announce largest layoffs in company history, source says CNBC
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