Reported about 22 hours ago
Amazon has announced plans to lay off 14,000 employees, part of a broader trend in Corporate America where companies like UPS and Target are downsizing amid rising costs and uncertain economic conditions. The tech giant cites its goal to streamline operations in anticipation of productivity gains from artificial intelligence, though analysts suggest that many layoffs are preemptive, as the technology is not yet ready to replace human workers. While these cuts may provide short-term financial benefits, they could pose long-term risks by making companies less adaptable in a rapidly changing business environment.
Source: YAHOO