This undated combination of photos shows clockwise from top left the company logos for Amazon, Target, Lufthansa Group, UPS, ConocoPhillips, Intel, Microsoft, Procter & Gamble and Nestle. (AP Photo, file)
Mayhem at Amazon Amid 30,000 Job Cuts: AI - Easy Corporate Excuse? | Global Pulse
The layoff ledger: Who’s cutting back
Amazon has announced 14,000 corporate job cuts , around 4% of its workforce, redirecting funds to its swelling investments in artificial intelligence. CEO Andy Jassy’s cost-cutting spree continues to reshape the company’s once-sprawling human infrastructure.
UPS has slashed 48,000 jobs this year, closing 93 operational facilities as it struggles to realign with reduced shipping volumes and global trade slowdowns.
Target has let go of 1,800 employees, roughly 8% of its corporate workforce, in what it calls a move to “streamline decisions.”
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