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2 mins read

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   


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2 mins read

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   


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4 mins read

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   


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2 mins read

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   


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5 mins read

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   


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1 min read

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…

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2 mins read

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   


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TECH'S JOB-CUTS JANUARY

Tech industry heavyweights like Google and Amazon are among those starting 2024 with staff cuts in …

Sarah Jackson   


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3 mins read

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   


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3 mins read

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   


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4 mins read

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   


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2 mins read

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 …

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4 mins read

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   


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6 mins read

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…

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2 mins read

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   


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5 mins read

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   


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2 mins read

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…

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1 min read

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)…

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2 mins read

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…

Peter Kafka