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Amazon to cut about 14,000 corporate jobs in AI push

Amazon to cut about 14,000 corporate jobs in AI push

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Amazon said it will reduce its global corporate workforce by about 14,000 people in a major shakeup driven in part by adoption of AI.
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US job growth blows away expectations in December, unemployment falls

US job growth blows away expectations in December, unemployment falls

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The US job growth unexpectedly exceeded expectations in December, with the unemployment rate declining and an addition of 256,000 jobs last month, ac…
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Nissan plans 9,000 job cuts, slashes annual profit outlook

Nissan plans 9,000 job cuts, slashes annual profit outlook

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Nissan Motor said it will cut 9,000 jobs and 20% of its global production capacity. Japan’s third-largest automaker joins a growing number of foreign…
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Boeing to cut 17,000 jobs as strike hits finances

Boeing to cut 17,000 jobs as strike hits finances

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Boeing will cut 17,000 jobs, 10% of its global workforce, and delay first deliveries of its 777X jet by a year, as the plane maker deals with a month…
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US job openings rebound in August, hiring soft

US job openings rebound in August, hiring soft

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US job openings unexpectedly increased in August after two straight monthly decreases, but hiring was soft and consistent with a slowing labor market…
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US job growth until March fell short of expectations

US job growth until March fell short of expectations

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US employers added far fewer jobs than originally reported in the year through March, the Labor Department said, underscoring the growing concerns th…
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Big job losses coming at Deutsche Bank

Big job losses coming at Deutsche Bank

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Deutsche Bank, Germany's biggest bank, seeking to put years of turmoil behind it and focus on steadier retail banking, reported a 30% drop in fou…
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UPS to cut 12,000 jobs, trim $1 billion in costs

UPS to cut 12,000 jobs, trim $1 billion in costs

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The world's largest parcel delivery company, UPS plans to cut 12,000 jobs in a move the company said will help save it $1 billion after a 'di…
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US stocks end higher ahead of inflation, jobs data

US stocks end higher ahead of inflation, jobs data

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Wall Street's main indexes ended higher, ahead of key inflation and jobs data this week that will offer more clues on the Federal Reserve's i…
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US jobless claims fall as labor market remains tight

US jobless claims fall as labor market remains tight

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A report from the labor department showed the number of Americans filing new claims for unemployment benefits fell last week despite aggressive inter…
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US job growth slows but wages remain strong

US job growth slows but wages remain strong

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The US economy added fewer jobs than expected in July, but solid wage gains and a decline in the unemployment rate back to 3.5% pointed to continued …
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US job openings unexpectedly rise in April

US job openings unexpectedly rise in April

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US job openings unexpectedly rose in April and data for the prior month was revised higher, pointing to persistent strength in the labor market that …
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US weekly jobless claims increase, producer inflation subsides

US weekly jobless claims increase, producer inflation subsides

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The number of Americans filing new claims for unemployment benefits increased more than expected last week, further evidence that labor market condit…
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Amazon to cut 9,000 additional jobs

Amazon to cut 9,000 additional jobs

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Amazon said it would slash another 9,000 jobs to manage economic uncertainty. The cuts will be concentrated in Amazon’s cloud services, advertising a…
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Meta to cut 10,000 jobs in second round of layoffs

Meta to cut 10,000 jobs in second round of layoffs

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Facebook-parent Meta Platforms said it would cut 10,000 jobs this year, making it the first Big Tech company to announce a second round of mass layof…
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Ford job cuts plan triggers Europe strike threat

Ford job cuts plan triggers Europe strike threat

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Ford plans to cut up to 3,200 jobs across Europe and move some product development work to the United States, Germany's IG Metall union said, vow…
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Spotify to shed 6% of workforce

Spotify to shed 6% of workforce

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Spotify said it plans to cut 6% of its workforce, adding to the massive layoffs in the technology sector over recent weeks.
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Microsoft to cut thousands of jobs, reports say

Microsoft to cut thousands of jobs, reports say

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Microsoft plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media r…
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U.S. adds 223K jobs in December, but wage growth slows

U.S. adds 223K jobs in December, but wage growth slows

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The U.S. economy added jobs at a solid clip in December, pushing the unemployment rate back to a low of 3.5% as the labor market remains tight, but F…
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Salesforce to cut staff by 10% in latest layoffs

Salesforce to cut staff by 10% in latest layoffs

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Salesforce plans to cut its workforce by 10% and close some offices, saying it needs to cut costs after rapid pandemic hiring left it with ‘too many …
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