Amazon to Cut 14,000 Jobs as Jassy Looks to Ease Bureaucracy

Bloomberg•Tuesday, October 28, 2025 at 10:43:03 PM

Amazon is set to cut around 14,000 corporate jobs, a significant move that follows CEO Andy Jassy's earlier warnings about the impact of artificial intelligence on the workforce. This decision reflects a broader trend within the company to streamline operations and reduce bureaucracy, but it also raises concerns about job security for many employees. As Amazon continues to integrate AI into its processes, the implications of these layoffs could resonate throughout the tech industry, highlighting the ongoing shift towards automation.

— Curated by the World Pulse Now AI Editorial System

Read Original

Was this article worth reading? Share it

Recommended Readings

Fortunean hour ago

UPS CFO on Amazon pullback and driving a growth strategy

PositiveFinancial Markets

UPS is making strategic moves to prioritize profitability over sheer volume, as explained by CFO Brian Dykes. This shift in focus is not just about numbers; it's about refining their network to drive sustainable growth. By adapting to market changes, UPS is positioning itself for long-term success, which is crucial in today's competitive landscape.

Read full article

via Fortune

TheStreet2 hours ago

Amazon is selling a 4-tier shoe rack for just $13 that's 'sturdy and effective'

PositiveFinancial Markets

Amazon has introduced a 4-tier shoe rack priced at just $13, which customers are praising for its sturdiness and effectiveness in decluttering spaces. This affordable solution not only helps keep shoes organized but also enhances the overall tidiness of homes, making it a practical choice for anyone looking to optimize their living area.

Read full article

via TheStreet

Fortune2 hours ago

Everyone thinks AI is replacing factory workers, but Amazon’s layoffs show it’s coming for middle management first

NegativeFinancial Markets

Amazon's recent decision to cut 14,000 white-collar jobs highlights a troubling trend in the workforce, where AI is increasingly impacting middle management roles rather than just factory positions. This shift is significant as it signals a broader wave of job cuts across the U.S., with nearly a million positions expected to be eliminated this year. The implications of these layoffs extend beyond individual workers, raising concerns about the future of employment and the role of technology in shaping job markets.

Read full article

via Fortune

Bloomberg3 hours ago

Caterpillar Tops Estimates as Sales Soar on Energy Equipment

PositiveFinancial Markets

Caterpillar Inc. has exceeded expectations with its third-quarter revenue, driven by a surge in demand for energy and transportation equipment, particularly for data centers supporting artificial intelligence. This growth highlights the company's strong position in a rapidly evolving market, showcasing its ability to adapt and thrive amidst technological advancements.

Read full article

via Bloomberg

Bloomberg3 hours ago

AI Spending Is What Matters Most in Alphabet, Microsoft Earnings

PositiveFinancial Markets

Investors are increasingly focused on artificial intelligence spending as a key indicator of performance for major tech companies like Alphabet and Microsoft. As AI continues to drive the three-year bull market in US stocks, updates on how these companies are investing in and developing AI technology are becoming crucial for understanding their earnings reports. This trend highlights the growing importance of AI in shaping the future of the tech industry and the stock market.

Read full article

via Bloomberg

Bloomberg4 hours ago

Nvidia Set to Become First $5 Trillion Firm as AI Rally Extends

PositiveFinancial Markets

Nvidia is poised to make history as the first company to reach a $5 trillion valuation, thanks to CEO Jensen Huang's strategic global deals that are driving the artificial intelligence sector to unprecedented levels. This milestone not only highlights Nvidia's dominance in the tech industry but also underscores the growing importance of AI in the global economy.

Read full article

via Bloomberg

Bloomberg7 hours ago

AI Earnings Strength Widens to More Stocks to Allay Bubble Fears

PositiveFinancial Markets

The recent positive earnings outlook for artificial intelligence companies is easing fears of a bubble in the AI-led global equity rally, which has been reaching record highs. This is significant as it suggests that the growth in AI is based on solid financial performance rather than speculation, potentially leading to more sustainable investment in the sector.

Read full article

via Bloomberg

Investing.com10 hours ago

Amazon to pour another $5 bln into South Korea data centers

PositiveFinancial Markets

Amazon has announced a significant investment of $5 billion to expand its data centers in South Korea. This move not only strengthens Amazon's presence in the region but also highlights the growing demand for cloud services. The investment is expected to create numerous jobs and boost the local economy, making it a win-win for both the company and the community.

Read full article

via Investing.com

Latest from Financial Markets

The Wall Street Journal18 minutes ago

President Trump said the U.S. and South Korea are close to completing a trade pact, a surprise breakthrough following months of contentious talks

PositiveFinancial Markets

In a significant development, Trump announced that the trade deal with South Korea is nearly finalized, marking a breakthrough after months of challenging negotiations. This deal, which involves $350 billion in investments that Seoul has committed to the U.S., is expected to strengthen economic ties between the two nations and boost trade opportunities. It matters because it reflects a positive shift in international relations and could lead to increased economic growth.

Read full article

via The Wall Street Journal

Investing.com20 minutes ago

Hormel Foods stock falls after earnings warning

NegativeFinancial Markets

Hormel Foods has issued a warning about its upcoming earnings, leading to a decline in its stock price. This news is significant as it reflects potential challenges the company may face in the market, impacting investor confidence and future growth prospects.

Read full article

via Investing.com

Investing.com20 minutes ago

Former Morgan Stanley advisers sue US Labor Department

NegativeFinancial Markets

Former advisers from Morgan Stanley have filed a lawsuit against the US Labor Department, claiming that recent regulations have unfairly impacted their ability to operate. This case highlights the ongoing tension between financial institutions and regulatory bodies, raising questions about the balance of power and the implications for financial advice in the industry.

Read full article

via Investing.com

Investing.com20 minutes ago

Boeing takes near $5 billion hit on much-delayed 777X program

NegativeFinancial Markets

Boeing is facing a significant setback as it takes a nearly $5 billion hit on its much-delayed 777X program. This delay not only impacts the company's financial standing but also raises concerns about its ability to meet future production timelines. The 777X was expected to be a flagship aircraft, and these challenges could affect Boeing's reputation in the competitive aviation market.

Read full article

via Investing.com

Investing.com20 minutes ago

Big Oil earnings expected to edge up as analysts eye 2026 outlook

PositiveFinancial Markets

Analysts are predicting a slight increase in earnings for big oil companies, which is a positive sign for the industry as they look ahead to 2026. This uptick in earnings could indicate a recovery in oil prices and demand, reflecting broader economic trends. Investors and stakeholders are keenly watching these developments, as they could impact energy markets and investment strategies moving forward.

Read full article

via Investing.com

Investing.com21 minutes ago

Wall St set for higher open as Nvidia eyes $5 trillion; Fed cut in sight

PositiveFinancial Markets

Wall Street is gearing up for a positive opening as Nvidia sets its sights on a staggering $5 trillion valuation, signaling strong confidence in the tech sector. This optimism is further bolstered by expectations of a potential interest rate cut from the Federal Reserve, which could stimulate economic growth. Investors are keenly watching these developments, as they could lead to significant market shifts and opportunities.

Read full article

via Investing.com