Second Wave of Amazon Downsizing to Begin Next Week, Cutting Up to 30,000 Corporate Jobs

Second Wave of Amazon Downsizing to Begin Next Week, Cutting Up to 30,000 Corporate Jobs

Amazon is preparing to cut thousands of corporate jobs in what would be the largest workforce reduction in the company’s history, which would affect nearly 10% of Amazon’s white-collar workforce and extend the E-commerce giant’s efforts to streamline operations after an earlier round of layoffs. According to Reuters, the second phase of job reductions is … Read more

Autodesk Stock Rises After Job Cuts Announced to Accelerate AI and Cloud Investments

Autodesk Stock Rises After Job Cuts Announced to Accelerate AI and Cloud Investments

Autodesk Inc. shares climbed more than 3% Thursday after the design software company said it will cut about 7% of its global workforce — roughly 1,000 jobs — to accelerate investment in artificial intelligence and cloud computing initiatives. The layoffs, which Autodesk said will mostly affect customer-facing sales teams, mark the final phase of its … Read more