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Amazon is reportedly set to lay off up to 30,000 corporate employees, marking its largest staffing reduction since 2022. The layoffs are part of the company's strategy to reduce expenses and adjust for overhiring during the pandemic, coinciding with the upcoming earnings report and the anticipated impact of generative AI on job roles within the company.
The Ashinsky Metallurgical Plant in Chelyabinsk, Russia, has announced a suspension of part of its production, leading to the layoff of over 300 employees as it shifts focus to core products and modernization. This decision comes amid declining demand for stainless steel, prompting regional authorities to investigate the situation further. The plant is a key supplier for Russia's defense and industrial sectors.
Amazon is set to lay off up to 30,000 corporate employees, representing about 10% of its corporate workforce, as part of a cost-cutting strategy amid rising efficiency from AI and a restructuring effort by CEO Andy Jassy. This move follows previous layoffs and comes as the company prepares for a busy holiday season, planning to hire 250,000 seasonal workers. The layoffs may also reflect the company's response to pressures from financial goals and the ongoing demand for automation.
The Ashinsky Metallurgical Plant (AMZ), a major Russian defense supplier, will suspend its stainless-steel division and lay off over 300 employees due to significant financial losses, with a reported net loss of approximately $2.4 million in the first quarter of 2025. The decision is part of a broader strategy to concentrate resources on core production and modernization amid declining market demand. The plant's management indicated job placement assistance will be provided to affected workers.
Amazon is set to announce its largest layoffs in history, with plans to cut as many as 30,000 corporate jobs starting Tuesday. This move is part of a broader cost-cutting strategy by CEO Andy Jassy, which has already seen over 27,000 employees laid off since 2022 due to economic pressures and the company's shift towards generative AI.
Amazon is set to announce its largest layoffs in company history, with plans to cut as many as 30,000 corporate jobs starting Tuesday. This move is part of a broader cost-cutting strategy initiated by CEO Andy Jassy, reflecting ongoing challenges in the tech industry and a shift towards embracing generative AI.
Amazon.com Inc. is reportedly planning to cut up to 30,000 corporate jobs across several key departments, including logistics, payments, video games, and cloud computing. The layoffs are expected to commence as soon as Tuesday, according to sources familiar with the matter.
Paramount Skydance is set to lay off approximately 1,000 employees in the U.S. this week, with total job cuts expected to reach around 2,000 as part of a cost-saving initiative following the merger with Paramount Global. The move is part of a broader strategy to reduce expenses by over $2 billion amid challenges in the media industry, including declining revenues from traditional cable and broadcast television.
Amazon is set to cut approximately 30,000 corporate jobs, representing nearly 10% of its corporate workforce, as part of a cost-cutting measure following overhiring during the pandemic. This decision aligns with CEO Andy Jassy's earlier warnings about potential job reductions due to advancements in artificial intelligence. The layoffs will affect various divisions, including human resources and operations.
The article provides a roundup of recent technology news, highlighting significant developments such as a $1 billion partnership between the U.S. Department of Energy, AMD, and HPE for AI supercomputers, Amazon's plans to lay off tens of thousands of corporate employees, and breakthroughs in pixel technology. Other notable stories include the withdrawal of a controversial grant proposal by the Python Software Foundation and the introduction of new features by various tech companies.
Amazon is reportedly planning to lay off up to 30,000 corporate employees this week, marking the largest reduction in its history. This follows previous layoffs that cut 27,000 jobs in 2023, as the company attempts to streamline operations amid rising costs and the impact of artificial intelligence on workforce needs.
Intel has significantly reduced its workforce by 35,500 jobs in under two years, with over 20,000 layoffs occurring recently under CEO Lip-Bu Tan's leadership. This restructuring effort aims to align the company with market realities and has involved substantial cuts to research and development budgets, as well as a focus on high-return projects. Despite these challenges, Intel reported a return to growth and profitability in Q3 2025, although it continues to navigate a complex corporate environment.
Amazon is reportedly set to lay off up to 30,000 corporate employees as part of a significant workforce reduction aimed at cutting expenses after over-hiring during the pandemic. The layoffs will affect various business units and come as the company invests heavily in artificial intelligence, which is expected to reduce the need for certain jobs in the future.
Amazon has announced plans to cut approximately 30,000 corporate jobs, representing about 10% of its workforce, as part of efforts to address overhiring during the pandemic. This marks the largest layoff since 2022, affecting various divisions, including human resources and operations, with notifications expected to be sent out to impacted employees soon.