Exclusive-Amazon targets as many as 30,000 corporate job cuts, sources say

Amazon is set to cut around 30,000 corporate jobs across various departments, including logistics and cloud computing, which raises concerns about the company's future and employee morale. This news comes at a time when Qualcomm is making headlines for its successful launch of new chips aimed at the AI data center market, positioning itself as a competitor to Nvidia. The juxtaposition of job losses at Amazon and Qualcomm's growth highlights the contrasting fortunes within the tech industry, making it a significant development for both employees and investors.

Amazon has announced plans to lay off tens of thousands of corporate workers, representing about 10% of its white-collar workforce. This significant reduction highlights the company's ongoing challenges in the current economic climate and raises concerns about job security in the tech industry. As one of the largest employers in the sector, these layoffs could have a ripple effect on the job market and employee morale.

John Belton, a portfolio manager at Gabelli Funds, recently shared insights on Bloomberg The Close, highlighting that the AI investment cycle is just beginning. His optimistic view suggests that there are significant opportunities ahead in AI spending, which could lead to substantial growth in the sector. Additionally, he commented on Amazon's recent job cuts, indicating that these moves are part of a broader trend in the tech industry. This discussion is crucial as it reflects the evolving landscape of technology investments and the potential for future advancements.

Amazon is offering a cozy Lands' End fleece jacket for just $25, making it an affordable option for those looking to stay warm this season. With temperatures dropping, this jacket has become a go-to choice for many, highlighting its popularity and practicality. It's a great deal for anyone wanting to combine comfort and style without breaking the bank.

Amazon is making significant strides in artificial intelligence and robotics, aiming to enhance its operations and retail strategy. This proactive approach has led analysts to raise their targets and outlook for the company ahead of its Q3 earnings report on October 30. The positive momentum is reflected in the stock market, with Amazon's shares rising 4.8% this week. This expansion in Europe and focus on AI not only positions Amazon for future growth but also highlights its commitment to innovation in a competitive landscape.

Amazon is reportedly planning to lay off 30,000 employees as it moves towards mass automation, a significant shift that could reshape the labor market. This news highlights the ongoing trend of automation in large companies and raises concerns about job security for many workers. As one of the largest employers in the U.S., these layoffs could have a ripple effect on the economy and employment landscape.

As the talks between Trump and Xi approach in South Korea, corporate concerns are rising. Businesses are closely monitoring the discussions, as the outcomes could significantly impact trade relations and economic policies. This meeting is crucial for understanding how the two leaders will navigate their countries' complex relationship, which affects global markets and international business strategies.

Amazon's bestselling portable Bluetooth speaker, which has received over 30,000 perfect ratings, is currently on sale for just $28. This compact and portable device is ideal for home use, travel, or outdoor activities, making it a great deal for anyone looking to enhance their audio experience.

Emmanuel Acho is making waves as he transitions from an NFL linebacker to a prominent media figure. In a recent conversation with Alex Rodriguez and Jason Kelly, he discussed his journey and the impact of his show 'Uncomfortable Conversations.' Now, he's taking it a step further with his new initiative, 'Speakeasy.' This evolution is significant as it showcases how athletes can successfully pivot to new careers, using their platforms to foster important dialogues.

Anteris has seen a significant boost in its stock price following the enrollment of its first patients in a pivotal heart valve trial. This development is crucial as it marks a key step in the company's efforts to advance its innovative heart valve technology, which could potentially improve treatment options for patients with heart conditions. Investors are optimistic about the trial's implications for Anteris's future, highlighting the importance of clinical advancements in the medical field.

Vestand has announced the appointment of a new Chief Financial Officer and Chief Commercial Officer as part of its leadership restructuring. This move is significant as it reflects the company's commitment to strengthening its executive team and enhancing its strategic direction. With fresh leadership in key financial and commercial roles, Vestand aims to drive growth and innovation, positioning itself for future success.

Amazon is reportedly planning to cut as many as 30,000 corporate jobs, a move that could significantly impact its workforce and the broader job market. This decision comes amid ongoing economic challenges and reflects the company's efforts to streamline operations. Such large-scale layoffs not only affect the employees directly involved but also raise concerns about the stability of the tech industry and consumer confidence.

Nucor has reported a profit that exceeds analysts' expectations, driven by robust shipments and favorable pricing. This is significant as it highlights the company's strong market position and operational efficiency, suggesting a positive outlook for the steel industry amidst fluctuating demand.

The recent midterm elections in Argentina are being viewed as a confidence vote for President Javier Milei and his radical economic reforms. Although his party, La Libertad Avanza, did not secure a parliamentary majority, Milei now has greater leeway to implement his agenda, which includes significant budget cuts and public sector layoffs. His efforts to reduce inflation have garnered international attention, including praise from US President Donald Trump. This situation is crucial as it could shape Argentina's economic future and influence global perceptions of Milei's policies.