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US stocks rally as big jobs-report miss fuels rate-cut hopes, Amazon soars
The weak jobs data was driven by hurricanes and labor strikes. Investors were encouraged that the r…
Matthew Fox
Stock market today: Indexes jump as Amazon lifts tech and jobs data boosts rate-cut views
"The Fed will likely cut rates in the remaining two meetings as economic conditions weakened," LPL …
Matthew Fox
Meta layoffs are the latest sign that constant job cuts are the new Big Tech normal
Recent layoffs at Meta point to a tech industry playbook of making recurring cutbacks. Yet these re…
Tim Paradis
Amazon could cut 14,000 managers soon and save $3 billion a year, according to Morgan Stanley
Amazon CEO Andy Jassy wants to cut the ratio of managers to individual contributors. That's a stron…
Eugene Kim
Earnings season kicks off after a blowout jobs report upended investors' hopes of another interest-rate cut
The spotlight is on earnings season after a surprise jobs report called into question when the next…
Dan DeFrancesco
Alexa, where is my job? Amazon's job cuts hit India too
Amazon has announced to lay off "several hundred employees" from its Alexa division, including in I…
Amazon is shuttering Freevee and some insiders fear layoffs could be coming in the tech giant's entertainment arm
Amazon is phasing out its free streamer Freevee, which struggled with identity and financial losses…
Lucia Moses
TECH'S JOB-CUTS JANUARY
Tech industry heavyweights like Google and Amazon are among those starting 2024 with staff cuts in …
Sarah Jackson
Sam's Club CEO says automating stores isn't a move to eliminate jobs
"We will not have fewer associates in clubs," Sam's Club CEO Chris Nicholas told Business Insider.
Dominick Reuter
I work at Amazon and I plan on 'coffee badging' instead of working from the office 5 days a week
One Amazon employee based in Germany told BI that the return-to-office mandate is a "betrayal."
Jyoti Mann
Insider Today: Amazon's MrBeast problem
In Sunday's edition of Insider Today, we're talking about an Amazon TV deal gone sour, and a market…
Dan DeFrancesco
2 lakh techies lost jobs in 2023, more to come
The year 2023 has become the worst year for tech employees as nearly 2 lakh tech employees -- from …
I rejected a job at Google — but then got laid off by Amazon. I don't regret my decisions.
Matan Gans accepted a remote job at Coinbase over moving for Google, but then the offer got rescind…
Beatrice Nolan
SIMPLY PUT: What’s with all “Unbossing” talks? Are Indian companies also embracing this global trend?
The corporate trend of 'Unbossing' is gaining traction globally, including in India. Major companie…
Amazon's RTO mandate is a 'backdoor layoff' strategy, future of work expert says
Amazon's strict return-to-office push is an attempt to reduce headcount, according to Stanford econ…
Beatrice Nolan
Big Tech goes nuclear: Amazon's pitch to use power plants shows the crucial role the energy source plays for AI
Big Tech, including Amazon and Microsoft, is pursuing nuclear power to meet soaring energy demands …
Dan DeFrancesco
Amazon begins new round of job cuts, lays off over 18,000 people
Amazon has started notifying its employees affected by its new round of layoffs, as a part of its p…
Amazon deepens tech gloom as 503 firms lay off 1.5 lakh employees this year
As Amazon deepened the tech gloom with firing another 9,000 employees (it previously sacked 18,000)…
Why constant job cuts could be the new normal for Big Tech
Big Tech companies like Google and Amazon went through several rounds of massive job cuts last year…