The Latest Breaking News from Amazon

The US tech company is preparing a fresh round of job cuts with thousands of positions affected as the tech giant aims to reduce bureaucracy and increase the use of AI.

All main global operations are understood to be impacted, with the UK among those to see office roles axed.

The job cuts are reportedly the first wave that could affect as many as 30,000 corporate jobs, which the Jeff Bezos-owned company boiled down to ‘staying nimble’

Walmart's 2025 Black Friday events kick off on 14 November, marking the beginning of a three-part sales extravaganza featuring thousands of deals, from luxury brands to family favourites.

The company's explanation made repeated reference to reducing "layers" in its corporate structure.

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence

“The larger problem comes in distribution and the use of algo when content is being shown,” Reliance Industries media president Jyoti Deshpande said.

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CEO Andy Jassy had warned that some roles within the company could be superseded by AI

The expected cuts will affect almost a 10th of the company’s roughly 350,000 international corporate workforce.

As the tech world braces for a flurry of earnings reports from the Magnificent 7 companies this week, market expert Gary Black has identified Nvidia Corp., Alphabet Inc., Meta Platforms Inc., and Microsoft Corp. as the clear “big winners” based on rising year-to-date earnings revisions.