Amazon, corporate jobs
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Here's what to know about the layoffs at Amazon, UPS, Target and other employers.
Brian Dykes explains why UPS is prioritizing profitability over volume, and how refocusing its network is delivering results.
Plus why you should take side quests at work, how workers are using AI to fake expense reports and the best employers for engineers in this week's Careers newsletter.
CEO Andy Jassy had signaled that Amazon’s workforce would likely get smaller as the company increases its use of artificial intelligence to complete tasks normally handled by people.
UPS earned $1.31 billion, or $1.55 per share, for the three months ended Sept. 30. The Atlanta-based company earned $1.99 billion, or $1.80 per share, a year earlier. Removing one-time costs, earnings were $1.74 per share. That easily topped the $1.31 per share that analyst polled by Zacks Investment Research were calling for.
Amazon is set to lay off tens of thousands of its corporate employees this week, marking the company’s biggest staffing reduction since roughly 27,000 staffers were eliminated at the end of 2022. As first reported by Reuters,
Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence.
Amazon will pay both the Federal Trade Commission and consumers directly to settle a lawsuit alleging that it used manipulative and deceptive tactics to encourage sign-ups for Prime.