Digital commerce giant Amazon is set to reduce its corporate workforce by up to 30,000 employees, representing nearly 10 percent of its estimated 350,000-strong corporate staff. This would mark the company’s largest job-cutting exercise since the 27,000 layoffs in late 2022 and early 2023.
Amazon is preparing to reduce its reliance on human workers by automating a large share of its U.S. operations. According to internal planning documents, the company aims to replace around 600,000 jobs by 2033 with robotics and artificial intelligence. A phased target reportedly includes eliminating 160,000 positions by 2027. Company’s Clarification Responding to reports,
“While we are going broke, we are going broke slowly.” That wasn’t a late-night comedian taking a jab at Washington. It was David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, warning in sober financial language what most Americans already feel in their wallets: the United States is drowning in debt, and the government […]















