Amazon cuts 14,000 corporate jobs
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Here's what to know about the layoffs at Amazon, UPS, Target and other employers.
Amid other retail layoffs, automation and AI may have turned this industry into a canary-in-the-coal-mine sector of the economy.
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Amazon.com (AMZN) grabbed headlines with a combination of strong third-quarter earnings and the announcement of its largest-ever round of corporate layoffs. The company posted higher revenue and profits,
Customers in select markets can return items weighing 1 to 15 pounds through doorstep return pickup handled by USPS.
Amazon.com, Inc. (NASDAQ:AMZN) is a Must-Watch AI Stock on Wall Street. On October 28, UBS reiterated the stock as “Buy” and raised its price target to $279.00 from $271.00 on the stock ahead of earnings on Thursday.
Layoffs at companies, largely due to AI, ranging from Amazon to Target are sending young and experienced workers alike into unwelcoming market, The Wall Street Journal reports. The Morning Joe panel discusses how AI is impacting jobs.
In their announcements to employees, both Target and Amazon cited the need for efficiency and innovation as the driving force behind the layoffs.