Amazon cutting 14,000 jobs
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Amazon's podcast and audiobook division is also affected by the company's corporate layoffs.
Paramount will slash roughly 1,000 jobs on Wednesday, Fox News Digital has confirmed.
UPS said in a regulatory filing that it has cut about 34,000 positions and closed daily operations at 93 leased and owned buildings during the first nine months of this year as part of its turnaround plan. The company said it is looking to identify additional buildings to close.
Better reports a government shutdown has caused a data blackout, hindering economic predictions and creating mortgage rate volatility for borrowers.
The biggest corporate layoff in Amazon’s history will reportedly eliminate 30,000 jobs across multiple divisions as part of a major restructuring effort.
In response to strong sales, GM has increased its automotive operating cash flow guidance for 2025 to $19.2 billion to $21.2 billion, up from an estimated $17 billion to $20.5 billion.
City of London veteran Quentin Nason says Gen Z should "think big" and turn to entrepreneurship as AI and automation shrink entry-level career paths.
United Parcel Service posted better-than-expected results on Tuesday, in an early sign that the company's overhaul, which included cutting 48,000 jobs, was making headway following several difficult quarters of weak volumes.