Amazon to Lay Off Up to 30,000 Corporate Employees
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On social media and elsewhere, impacted employees and others reacted to Amazon's decision to cut 14,000 corporate and tech workers across numerous divisions.
At the same time, Amazon, like other giant employers, is not immune to the uncertain business climate that has prompted other companies to put the brakes on hiring and look for ways to tighten their belts as they absorb the costs of tariffs and anxiously await a lasting US-China trade deal.
Plus why you should take side quests at work, how workers are using AI to fake expense reports and the best employers for engineers in this week's Careers newsletter.
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Why companies like Amazon, UPS are getting bolder about layoffs after months of watching and waiting
Analysts have called it the “no-hire, no-fire” economy. But the thousands of job cuts announced by Amazon.com Inc. and United Parcel Service Inc. on Tuesday may suggest that the U.S. job market’s current state of suspension has changed for the worse.
Amid sweeping layoffs that began throughout ecommerce giant Amazon Tuesday, the company is making "significant" changes to its video games business.
The other thing that makes this seem different from past layoffs is who is affected. Amazon has already optimized its warehouses. It isn’t cutting the workers who handle packages—in fact, the company plans to hire 250,000 seasonal employees to ramp up for the holidays.
Amazon's podcast and audiobook division is also affected by the company's corporate layoffs, Business insider has learned.
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Amazon layoffs, Qualcomm's AI chips, Airbnb cracks down on Halloween and more in Morning Squawk
Amazon CEO Andy Jassy said earlier this year that the Washington-based company could shrink its workforce by embracing AI. The firm is part of a cohort of large-cap companies that have seen their AI-related productivity increase as the technology becomes mainstream.