Trump’s economic messaging is clashing with reality as corporate layoffs hit a 20-year high
Americans have also given Trump low marks on the economy in recent polls. A new CNN poll, released on Monday, showed 68% of ...
What Amazon’s mass layoffs are really about
Amazon is laying off thousands of people, part of a familiar impulse in Corporate America to reduce headcount in the face of rising prices, an unpredictable trade war and a potential (though still ...
Amazon could cut as many as 30,000 corporate jobs, reports say
It’s not the first round of massive layoffs for the tech giant. In 2023, the company cut 27,000 workers in its human resources department, Amazon Stores, Amazon Web Services and other divisions. At ...
As the shutdown drags on, here’s how it can drag down the economy
History has shown that the economy typically rebounds from a shutdown within a couple of months. But each day it drags on brings a greater risk that the economy won’t just bend, it will start to break ...
USA Today
Target to cut about 1,800 corporate jobs amid stagnant sales, reports say
Roughly two months after naming a new CEO, Target said it plans to cut an estimated 1,800 corporate jobs in an effort to offset the retailer's stagnant sales numbers, according to multiple reports ...
GM layoffs: EV market downturn hits automaker to the tune of 1,750 job cuts
General Motors is trimming its ranks at electric vehicle and battery cell plants in Michigan, Ohio, and Tennessee, the ...
CNN
Amazon could cut as many as 30,000 corporate jobs, reports say
Amazon plans to lay off as many as 30,000 corporate employees, beginning tomorrow, reports say. The cuts would total nearly 10% of the company’s corporate jobs, as advances in artificial intelligence ...
AOL
What Amazon’s mass layoffs are really about
A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Amazon — a company that made more than $35 billion in profit in the first half ...