For most of 2025, the job market was described by economists as “no hire, no fire” — a stretch of time when job seekers faced slim prospects, but workers could count on job security. But that fragile balance may now be shifting, labor experts warn, as mass layoffs at companies like Amazon and UPS signal … Read more
Big Tech’s earnings season continues in earnest after the bell on Wednesday with Google (GOOG, GOOGL), Meta (META), and Microsoft (MSFT) set to announce their results, followed by Amazon (AMZN) and Apple (AAPL) on Thursday. It’s a murderers’ row of announcements that are sure to influence the market’s direction in the days ahead. We’ll still, … Read more
Amazon on Tuesday said it is cutting 14,000 corporate jobs as the retailing giant relies more on artificial intelligence and moves to lower its wage bill. Earlier this year, CEO Andy Jassy said Amazon’s investment in AI tools would allow the company to reduce its human workforce as the business becomes more efficient. Beth Galetti, … Read more
AMSTERDAM (Reuters) -Amazon (AMZN) plans to invest 1.4 billion euros ($1.63 billion) in the Netherlands over the next three years, the company said on Monday. The investment is its largest in the euro zone’s fifth biggest economy since it launched its activities there in 2020, the company said. Amazon has around 1,000 employees in the … Read more
By Manoj Kumar NEW DELHI (Reuters) -Amazon on Monday said it has helped Indian sellers surpass $20 billion in total exports, including nearly $7 billion this year, as small operators work to offset the impact of new U.S. import tariffs that were imposed in August. The company said it remained confident in its long-term growth … Read more
Tech major Amazon’s (AMZN) cloud services unit, Amazon Web Services, or AWS, suffered an outage, which affected a gamut of websites and apps across companies such as Snapchat, WhatsApp, and Slack in social media; Fortnite and Roblox (RBLX) in gaming; and PayPal (PYPL)-owned Venmo in fintech. Early morning, yesterday, AWS reported that they were experiencing … Read more
The 15-hour disruption to Amazon Web Services, a cloud-based computing service, on Monday shook internet users around the world, disrupting everything from travel to financial transactions — and underscoring the fragility of a system reliant on only a handful of tech giants. Monday’s problems at Amazon Web Services, or AWS, spawned 11 million total outage reports, … Read more