Amazon CEO Andy Jassy says 14,000 layoffs stem from “culture” and organizational layers, not finances or AI, aiming to restore agility amid automation-driven restructuring.
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Amazon’s major restructuring cuts 14,000 corporate jobs as AI transformation reshapes roles across departments, with up to 30,000 layoffs expected amid growing automation investments.
Elon Musk reacts to reports that Amazon plans to replace tens of thousands of jobs with robots, saying AI will make working optional in the future.
Amazon plans to automate 75% of its operations by 2027, potentially cutting 160,000 U.S. jobs and saving $12.6 billion, sparking concerns over mass job losses.
Salesforce CEO Marc Benioff apologized after backlash over his support for deploying the National Guard to San Francisco, clarifying the city doesn’t need federal troops.
A widespread AWS outage disrupted major apps and websites including Snapchat, Venmo, and Reddit, before Amazon reported “significant signs of recovery” by Monday afternoon.
Salesforce CEO Marc Benioff faces backlash after reports reveal his proposal to use the company’s AI technology to support ICE’s deportation and recruitment initiatives.
This is the fourth consecutive year that Disney+ has raised its streaming prices since launching Disney+ in 2019.
Top tech and business leaders joined U.S. President Donald Trump at a UK banquet as America and Britain launched the Tech Prosperity Deal with £31 billion investments.
President Trump’s proposal to replace quarterly earnings reports with semiannual reporting sparks debate between reducing regulatory burdens and preserving investor transparency in U.S. capital markets.
Queens Assemblyman Zohran Mamdani leads the New York City mayoral race with strong voter support, signaling a generational and ideological shift in city politics.
The renewed U.S. contract with Israeli spyware firm Paragon Solutions raises ethical concerns over invasive surveillance, privacy risks, and the potential targeting of journalists and activists.
A federal appeals court has blocked the Trump administration’s use of an 18th-century wartime statute to deport Venezuelan migrants, marking a major setback for its immigration agenda.
Hundreds of Labor Day rallies across the U.S. saw workers demand stronger protections, fair wages, healthcare, housing, and an end to billionaire-driven policies.
Former U.S. National Security Advisor Jake Sullivan claims Trump has “thrown away” U.S.–India ties to favor business interests in Pakistan, straining strategic relations amid rising China influence.
The U.S. introduces a mandatory $250 Visa Integrity Fee for countries including India while simultaneously tightening restrictions on Palestinian visa applicants under Trump’s new policy.
Anthropic is changing its data policy, requiring Claude users to decide by Sept. 28 whether their conversations can be used to train future AI models.
With sweeping duties taking effect Aug. 27, India faces billions in losses, mass job cuts, and shrinking competitiveness in its largest export market.
Alexandr Wang pushed back against speculation of a cooling trend, stressing that investments in artificial intelligence remain strong despite recent reports suggesting otherwise
For two decades, Washington has courted New Delhi. Trump’s sudden hostility could mark the beginning of a rupture.
Mark Zuckerberg has spent over $110 million turning five homes into a Palo Alto compound, sparking neighbor complaints over years of construction, surveillance, and zoning disputes.
Without specifically mentioning the H-1B visa program, Miller accuses India of “cheating on immigration policy.”
The Trump administration is planning significant changes to the H-1B visa program, which allows skilled foreign workers to take up employment in the United States
Retrofitting a $400M Qatari jet for Trump sparks legal, diplomatic, and financial controversy, raising emoluments concerns and scrutiny over U.S.–Qatar business ties.
EisnerAmper’s Alan Wink weighs in on separating hype from reality in AI investing, the impact on professional services, and why today’s innovators must be fluent in both capital markets and data