Amazon confirms 14,000 job losses in corporate division

BBC NewsTuesday, October 28, 2025 at 10:19:14 AM
Amazon confirms 14,000 job losses in corporate division
Amazon has announced a significant reduction in its workforce, confirming 14,000 job losses in its corporate division. This decision comes as the company aims to streamline operations in response to the opportunities presented by artificial intelligence. While this move may enhance efficiency, it raises concerns about the impact on employees and the broader job market, highlighting the ongoing challenges in the tech industry.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Nvidia to invest $1 billion in Finland’s Nokia in AI drive
PositiveFinancial Markets
Nvidia has announced a significant investment of $1 billion in Finland's Nokia, aiming to enhance its artificial intelligence capabilities. This collaboration is expected to bolster both companies' positions in the tech industry, fostering innovation and creating new opportunities in AI development. The partnership highlights the growing importance of AI in telecommunications and could lead to advancements that benefit consumers and businesses alike.
Palo Alto Networks launches AI-driven security offerings to tackle cyberattacks
PositiveFinancial Markets
Palo Alto Networks has unveiled new AI-driven security offerings aimed at combating the rising threat of cyberattacks. This launch is significant as it showcases the company's commitment to leveraging advanced technology to enhance cybersecurity measures, providing businesses with better tools to protect their sensitive data. As cyber threats continue to evolve, these innovations could play a crucial role in safeguarding organizations and maintaining trust in digital operations.
Big Tech earnings this week: What investors should expect
PositiveFinancial Markets
This week, investors are eagerly anticipating earnings reports from five major Big Tech companies. Analyst Jessica Inskip shares insights on how these numbers could reflect the growing demand for AI technologies and potentially influence the ongoing market rally. Understanding these earnings is crucial for investors as they navigate the tech landscape and assess future opportunities.
NVIDIA partners with Nokia to develop AI-native mobile networks
PositiveFinancial Markets
NVIDIA has teamed up with Nokia to create AI-native mobile networks, a move that promises to revolutionize telecommunications. This partnership is significant as it combines NVIDIA's cutting-edge AI technology with Nokia's expertise in mobile infrastructure, paving the way for smarter, more efficient networks. As demand for high-speed connectivity grows, this collaboration could lead to enhanced user experiences and innovative applications, making it a noteworthy development in the tech industry.
Nvidia to Invest $1 Billion in Nokia in AI Pact
PositiveFinancial Markets
Nvidia is set to invest $1 billion in Nokia, acquiring a 2.9% stake in the Finnish telecommunications giant. This partnership highlights the growing importance of artificial intelligence in the tech industry and signifies Nvidia's commitment to expanding its influence in telecommunications. The collaboration could lead to innovative advancements in AI technology, benefiting both companies and potentially transforming the market.
Layoffs Mount Across Corporate America
NegativeFinancial Markets
Job cuts are becoming increasingly common in Corporate America, with major companies like UPS, Amazon, GM, and Target announcing layoffs recently. This trend raises concerns about the economic landscape and job security for many workers. Stuart Paul, a US Economist from Bloomberg Economics, discussed these corporate cutbacks, highlighting the potential impact on the economy and employment rates.
Amazon is selling an anti-theft travel backpack for $25 with a 'brilliant design'
PositiveFinancial Markets
Amazon has launched an anti-theft travel backpack priced at just $25, featuring a brilliant design that makes it perfect for both work and travel. This affordable option is not only stylish but also practical, addressing the growing need for security in travel gear. With its innovative features, this backpack could become a favorite among travelers looking for safety and convenience.
Apple hits $4tn market value as new iPhone models revitalize sales
PositiveFinancial Markets
Apple has reached a remarkable milestone by hitting a $4 trillion market value, driven by strong demand for its new iPhone models. This achievement marks the first time the company's stock has entered positive territory this year, gaining about 13% since the launch of the latest devices. This news is significant as it not only highlights Apple's resilience in the tech market but also alleviates concerns regarding its competition in the AI sector, showcasing the company's ability to innovate and attract consumers.
Latest from Financial Markets
FTSE 100 today: Index rises as Europe slips, pound weakens; HSBC gains
PositiveFinancial Markets
Today, the FTSE 100 index has seen a rise, contrasting with a slip in European markets and a weakening pound. This uptick is significant as it highlights the resilience of the UK stock market amid broader economic challenges in Europe. HSBC's gains contribute positively to this trend, suggesting investor confidence in the banking sector. Such movements can influence investment strategies and economic outlooks, making it a noteworthy development for both investors and analysts.
S&P 500 continues record run on US-China trade optimism; Fed meeting kicks off
PositiveFinancial Markets
The S&P 500 is on a remarkable record run, fueled by growing optimism surrounding US-China trade relations. Investors are feeling more confident as negotiations appear to be progressing positively, which is crucial for the global economy. This surge in the stock market reflects a broader sentiment of hope, especially as the Federal Reserve begins its meeting, potentially influencing future monetary policy. The outcome of these discussions could have significant implications for market stability and growth.
CFRA upgrades Skyworks Solutions stock to Hold on Qorvo acquisition
PositiveFinancial Markets
CFRA has upgraded Skyworks Solutions stock to a Hold rating following the recent acquisition of Qorvo. This move is significant as it reflects confidence in Skyworks' strategic positioning and potential for growth in the semiconductor industry. Investors may find this upgrade reassuring, indicating that the company is on a stable path amidst market fluctuations.
Earnings call transcript: Arcutis Q3 2025 earnings beat expectations, stock surges
PositiveFinancial Markets
Arcutis has reported its Q3 2025 earnings, surpassing expectations and leading to a significant surge in its stock price. This positive performance highlights the company's strong market position and effective strategies, which are crucial for attracting investor confidence and fostering future growth.
Earnings call transcript: Forestar Group Q4 2025 beats earnings expectations
PositiveFinancial Markets
Forestar Group has reported its Q4 2025 earnings, surpassing expectations and showcasing strong financial performance. This positive outcome is significant as it reflects the company's effective strategies and resilience in a competitive market, potentially boosting investor confidence and paving the way for future growth.
Earnings call transcript: FEMSA reports Q3 2025 growth, net income falls
NeutralFinancial Markets
FEMSA has reported its Q3 2025 earnings, showcasing growth in certain areas, although net income has seen a decline. This mixed performance highlights the company's resilience in a challenging market, but the drop in net income raises questions about future profitability. Investors and analysts will be keen to see how FEMSA navigates these challenges moving forward.