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Update (0800ET): Amazon announced major "organizational changes" across its corporate workforce that will result in the elimination of 14,000 jobs, as the company accelerates investments in artificial intelligence and automation.
The cuts, announced around 7 a.m. via a Slack message, were attributed to "business conditions" rather than performance, according to people familiar with the meeting.
Amazon's automation strategy aims to robotize 75% of its operations, displacing over 600,000 workers.
A Nobel Prize economist argues against extreme hype in both directions.
I see a lot of young people in my practice. You know, the kids just out of university and setting out to make their mark in the world.
The Internal Revenue Service furloughed nearly half of its workforce on Wednesday as part of the ongoing government shutdown.
Gavin Newsom Just Gave California's 800,000 Uber and Lyft Drivers a One-Way Ticket to the Unemployment Line
I hear from so many people that are deeply hurting right now. If you are one of those people, I want you to know that you aren't alone.
Anyone seeking to start a new job or rent a property would be required to present their digital ID, which would then be checked automatically against a central database of individuals entitled to work in the UK.
'No sugarcoating things' says CEO Doug McMillon.
Across the United States, median full-time salaries vary widely depending on the state. From booming coastal economies to regions with lower costs of living, geographic differences play a major role in shaping income levels.
